S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
Market Update

Burger King Agrees to Acquire Tim Hortons for $11 Billion


Author: Nichole Harper
ticker.com
Last Update: 1:15 PM ET August 26 2014

Burger King Worldwide Inc agreed to acquire Tim Hortons Inc for C$12.5 billion or $11.4 billion in a deal partly financed by Warren Buffett’s Berkshire Hathaway Inc.

Tim Hortons investors will receive C$65.50 a share and 0.8025 share of the combined entity, according to the company statements.

  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc