Burger King Is Buying Popeyes

In 2014, Restaurant Brands was created after Burger King (controlled by Brazilian investment firm 3G Capital) bought Tim Hortons.

Currently, Restaurant Brands has over 20,000 locations around the world, and will now expand, by purchasing Popeyes 2600 locations for $1.5 billion and putting it under the Burger King and Tim Hortons corporate umbrella, as reported by CBS 11. The deal provides Popeyes shareholders $79 per share, a 27% premium from it’s average Feb. 10th price

Restaurant Brands takes over well-known fast-food chains it feels to have expansion potential.

Wonder if we’ll see Burger King/Popeyes joint locations? YUM!


Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From AMP 1037

Radio.com App
Smooth Jazz 103.7 HD2 The Oasis

Listen Live