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