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Market Update

Burger King Agrees to Acquire Tim Hortons for $11 Billion

Author: Nichole Harper
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.

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