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Stock Market & Financial Investment News

News Breaks
August 25, 2014
05:11 EDTTHI, BKWTim Hortons, Burger King confirm talks regarding potential strategic transaction
In response to media reports, Tim Hortons (THI) and Burger King (BKW) confirmed that they are in discussions regarding a potential strategic transaction. The new publicly-listed company would be headquartered in Canada, the largest market of the combined company. 3G Capital, the majority owner of Burger King, will continue to own the majority of the shares of the new company on a pro forma basis, with the remainder held by existing shareholders of Tim Hortons and Burger King. Within this new entity, Tim Hortons and Burger King would operate as standalone brands, while benefiting from shared corporate services, best practices and global scale and reach. The new company would be the world's third-largest quick service restaurant company, with approximately $22B in system sales and over 18,000 restaurants in 100 countries worldwide. Tim Hortons and Burger King each have strong franchisee networks and brands. Any transaction will be structured to preserve these relationships and deepen the connections each brand has with its guests, franchisees, employees and communities. The transaction remains subject to negotiation of definitive agreements. There can be no assurance that any agreement will be reached or that a transaction will be consummated. Tim Hortons and Burger King do not intend to comment on this matter further unless and until a transaction is agreed or discussions are discontinued, and specifically disclaim any obligation to provide further updates to the market.
News For THI;BKW From The Last 14 Days
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September 16, 2014
13:19 EDTTHIMcDonald's Canada to offer coffee in grocery stores, Reuters says
McDonald's (MCD) is poised to start offering its McCafe ground coffee throughout Canadian grocery stores this month in an effort to gain more customers in a country whose java market has been lead by competitors such as Tim Hortons (THI) and Starbucks (SBUX), according to Reuters, citing comments from McDonald's Canada CEO John Betts. Reference Link
September 15, 2014
13:45 EDTTHI, BKWTim Hortons up fractionally following preliminary Q3 quarter-to-date SSS report
Tim Hortons (THI) is up fractionally in afternoon trading following the company's pre-market announcement of Q3 quarter-to-date SSS growth results. The company reported Canadian SSS up 3.6% and U.S. SSS up 7.0% for the 9-weeks ended August 31. Tim Hortons released this information in connection with the company's proposed strategic transaction involving 3G Capital and Burger King Worldwide (BKW).
September 12, 2014
09:21 EDTBKWBlackstone to sell 260 Burger King locations, Bloomberg says
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September 11, 2014
08:09 EDTBKW, THIBerkshire's Munger defends Burger King deal, WSJ reports
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08:03 EDTBKW, THISenators urge Burger King to stay domiciled in U.S., Reuters reports
The number 2 ranking Senate Democrat, Dick Durbin, and four fellow senators have urged Burger King (BKW) to keep its domicile in the U.S. and give up plans for a "tax inversion" as part of its purchase of Canada's Tim Hortons (THI), reported Reuters. Reference Link
September 5, 2014
06:33 EDTBKWHundreds arrested following protests over fast food wages, NY Times says
Nearly 500 protestors seeking a $15 per hour wage for fast food workers were arrested in sit-ins yesterday, organizers of the sit-ins told The New York Times. Some home care aides, recruited by the Service Employees International Union, jointed the protests, the newspaper stated. Fast food companies include McDonald's (MCD), Burger King (BKW), Wendy's (WEN), Jack in the Box (JACK), and Sonic Corporation (SONC).Reference Link
September 2, 2014
06:53 EDTBKWFast food workers to carry out civil disobedience, NY Times says
Fast food workers seeking a $15 per hour wage are planning to carry out “widespread” civil disobedience activities on Thursday, according to The New York Times. Thousands of home-care workers will also take part in the activities, the newspaper added. Fast food companies include McDonald's (MCD), Burger King (BKW), Wendy's (WEN), Jack in the Box (JACK), and Sonic Corporation (SONC). Reference Link

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