The Canadian government will decide before Dec. 25 on whether to approve the takeover by U.S.-based Burger King Worldwide Inc of Canada's iconic coffee-and-donut Tim Hortons Inc, Industry Minister James Moore said on Friday. "Soon, soon," the minister said, when asked by Reuters when a decision could be expected. "Before Christmas," he added.Canada's Competition Bureau had last month already given its stamp of approval to the C$12.64 billion ($11.25 billion) deal . Moore has to decide on whether the foreign takeover is of net benefit to Canada.
Burger King Worldwide, Inc. is a fast food hamburger restaurant, under the Burger King brand. Shares of BKW traded higher by 1.24% or $0.41/share to $33.49. In the past year, the shares have traded as low as $20.14 and as high as $34.20. On average, 2658520 shares of BKW exchange hands on a given day and today's volume is recorded at 1038349.
Tim Hortons Inc., is a quick service restaurant in North America. Shares of THI traded higher by 1.04% or $0.86/share to $83.51. In the past year, the shares have traded as low as $50.67 and as high as $82.46. On average, 1522000 shares of THI exchange hands on a given day and today's volume is recorded at 702305.
Tim Hortons Inc., is a quick service restaurant in North America. Shares of THI traded higher by 0.44% or $0.41/share to $93.82. In the past year, the shares have traded as low as $56.12 and as high as $93.74. On average, 1039090 shares of THI.TO exchange hands on a given day and today's volume is recorded at 305470.
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