Berkshire Hathaway Inc chairman and CEO, Warren Buffett, is helping finance Burger King Worldwide Inc's take over of Canadian chain Tim Hortons Inc, the Wall Street Journal reported, citing people familiar with the matter. Buffett will invest in the merger in the form of preferred shares, the people told the WSJ, adding that Berkshire is expected to provide about 25 percent of the deal's financing. (on.wsj.com/VL74SY)The exact structure of Buffett's participation remains unclear, and discussions are ongoing, the Journal said.Shares of the Canadian coffee and doughnut chain and U.S. fast-food company Burger King confirmed late on Sunday that they were discussing a merger. Investors and analysts said the deal was spurred in part by Canada's attractive tax policies.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A traded higher by 0.51% or $1047.0/share to $204579.00. In the past year, the shares have traded as low as $163038.00 and as high as $205169.00. On average, 283 shares of BRK-A exchange hands on a given day and today's volume is recorded at 330.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B traded higher by 0.35% or $0.48/share to $136.23. In the past year, the shares have traded as low as $108.12 and as high as $136.82. On average, 2710690 shares of BRK-B exchange hands on a given day and today's volume is recorded at 2305939.
Tim Hortons Inc., is a quick service restaurant in North America. Shares of THI traded higher by 18.91% or $11.88/share to $74.72. In the past year, the shares have traded as low as $50.67 and as high as $77.80. On average, 360675 shares of THI exchange hands on a given day and today's volume is recorded at 12164038.
Tim Hortons Inc., is a quick service restaurant in North America. Shares of THI traded higher by 19.26% or $13.25/share to $82.03. In the past year, the shares have traded as low as $56.12 and as high as $85.40. On average, 499414 shares of THI.TO exchange hands on a given day and today's volume is recorded at 5977048.
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