Burger King saves shareholders $1.2 Billion: It's Now a Canadian Company

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Long-awaited Burger King-Tim Hortons Merger Completed
by Zacks Equity Research
December 15, 2014

Restaurant Brands International (QSR-WI) announced the completion of the merger between Tim Hortons Inc. and Burger King Worldwide, Inc., worth roughly $11.0 billion. The two brands will continue to operate independently under the new global quick service restaurant — Restaurant Brands International.

As of Dec 12, 2014, shares of Tim Hortons and Burger King Worldwide common stock have stopped trading on the Toronto Stock Exchange and New York Stock Exchange, respectively. The shares of Restaurant Brands International will commence trading on the Toronto Stock Exchange and New York Stock Exchange under the symbol QSR from Dec 15, 2014. Further, shares of Restaurant Brands International Limited Partnership – a subsidiary of Restaurant Brands International – will start trading on the Toronto Stock Exchange under the symbol QSP the same day.

Restaurant Brands International would be the world’s third-largest fast-food company with a market value of roughly $18 billion. The combined business is expected to generate about $22 billion in sales and constitute more than 18,000 restaurants in 100 countries.

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