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Burger King owner’s plan to take Popeyes is hot

Monday, February 20, 2017 13:53
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Restaurant Brands International (TSE:QSR), the fast-food chain controlled by three Brazilian billionaires and Warren Buffett, is nearing a deal to acquire smaller rival Popeyes Louisiana Kitchen (NASDAQ:PLKI), according to Bloomberg reports.

The Canadian-based owner of Burger King and Tim Hortons hopes to add the US-listed fried-chicken chain as early as this week.

Restaurants Brands started talks about a potential combination with Popeyes several months ago, but the negotiations died out towards the end of last year.

More recently the two sides have started to discuss a possible deal again and now feel more comfortable reaching an agreement.

Story by ProactiveInvestors


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