Burger King Signs Deal To Buy Canada's Tim Hortons - Presented by: The Aol. On Network

Burger King Worldwide Incorporated agreed to buy Canadian coffee and doughnut chain Tim Hortons Incorporated in cash and stock, to create the third-largest quick service restaurant group with sales of about $23 billion. The companies said in a joint statement that Tim Hortons shareholders will receive $65.50 Canadian (dollars) in cash and 0.8025 shares of the new company for every share they own.



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