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Tuesday, August 26, 2014

TAKEOVERCHATTER-Buffett puts shareholders ahead of patriotism in Canadian deal, (NYSE: THI), (TSE: THI.TO)

Warren Buffett may be most famous for the billions of dollars he has made from investing but he is also well known as a cheerleader for the United States. The Oracle of Omaha routinely exhorts investors to put their money in America, "the mother lode of opportunity," as he wrote in his annual letter this year.So Buffett's participation in fast-food chain Burger King Worldwide Inc's purchase of coffee and doughnut chain Tim Hortons Inc - complete with relocation of Burger King's domicile to Canada - might at first blush raise questions about his patriotism.Investors and tax experts say Miami-based Burger King's move to Canada through a so-called tax inversion will help curb its U.S. tax bill. Similar recent moves by other U.S. companies - mainly through the purchase of European companies - have drawn the ire of President Barack Obama, who suggested they are corporate deserters lacking economic patriotism.But analysts and investors say that the Burger King deal underlines the market savvy that's helped him build his fortune more than prompting questions about his commitment to the U.S.

Tim Hortons Inc., is a quick service restaurant in North America. Shares of THI traded higher by 8.47% or $6.33/share to $81.05. 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 15713292.

Tim Hortons Inc., is a quick service restaurant in North America. Shares of THI traded higher by 8.14% or $6.68/share to $88.71. 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 6603336.



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