Navigate this market better. Subscribe for FREE stock alerts and information.

Sunday, August 24, 2014

Burger King in talks to purchase Tim Horton's - WSJ, (NYSE: BKW)

Burger King Worldwide is in talks to purchase Canadian coffee and doughnut chain Tim Horton's, according to the Wall Street Journal, in a deal that would be structured as a tax inversion to move the hamburger chain's domicile out of the United States. Citing people familiar with the matter, the Journal said the two companies are working on a deal to create a new holding company based in Canada and could be struck soon, although more details on the timing could not be learned.

Burger King Worldwide, Inc. is a fast food hamburger restaurant, under the Burger King brand. Shares of BKW traded higher by 1.01% or $0.27/share to $27.11. In the past year, the shares have traded as low as $18.86 and as high as $28.00. On average, 396555 shares of BKW exchange hands on a given day and today's volume is recorded at 471537.