Burger King Shares Head North on Merger Talks With Tim Hortons

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Burger King Shares Head North on Merger Talks With Tim Hortons

Burger King Shares Head North on Merger Talks With Tim Hortons
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Burger King Shares Head North on Merger Talks With Tim Hortons

by TheStreet 0:53 mins

Burger King shot higher on Monday after flirting with a move north making it TheStreet's Move of the Day. The fast food joint said it is in talks to acquire Tim Hortons, a Canadian coffee and doughnut chain, a merger creating the third-largest fast food franchise in the world with around $22 billion in system sales at more than 18,000 locations. Structured as a tax inversion, the deal would see Burger King’s corporate operations move to Canada, a country which enjoys a lower corporate tax rate. Though Burger King and Tim Hortons surged on the news, spokespeople for both caution there’s no guarantee a deal will pass.

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