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

Burger King Worldwide plans to buy Canadian coffee and doughnut chain Tim Hortons, the companies said on Tuesday, in a cash and stock deal to create the world's third-largest fast food restaurant group, with sales of about $23 billion.The companies had said on Sunday that they were in talks, and shares of both soared on Monday.Burger King Executive Chairman Alex Behring and Chief Executive Officer Daniel Schwartz will hold the same positions at the combined company.



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