Tim Hortons shares soar on Burger King merger talks

[Wes]

Time to buy and pronto.

Tim Hortons is in talks with Burger King about a merger that would create one of the world’s largest fast-food chains with 18,000 restaurants worldwide and $22-billion (U.S.) in sales.
Both companies announced late Sunday that they are in discussions to create a new holding company based in Canada, adding that the move would create the third-largest quick-service restaurant provider in the world. The companies said both brands would operate as standalone brands.

https://www.theglobeandmail.com/rep...o-acquire-tim-hortons-report/article20187310/

 

[The Frisky]

Shares have jumped 7 % since yesterday. Tim selling at $92 now, buy or sell?.

 

[Madman]

I was told to buy it at 79.00 and it's 89.00 WHY WHY WHY????

 

[Macho Man]

If he is so am I.

[h=1]Buffett provides $3-billion of financing on Burger King deal[/h]

https://www.theglobeandmail.com/rep...inancing-of-burger-king-deal/article20204362/

 

[BiteTheDust]

Didn't Wendy's bought them in the 90's?.

 

[Chevy]

[h=1]Burger King and Tim Hortons, a beneficial marriage[/h]
https://www.theglobeandmail.com/rep...ok-a-bite-out-of-tim-hortons/article20216830/

 

[Johnnybehorny]

[h=1]Heinz buying Kraft Foods in massive deal with company behind Tim Hortons merger[/h][h=2]The deal was engineered by investment firm 3G Capital, the company behind the takeover of Tim Hortons by Burger King, and Warren Buffett’s Berkshire Hathaway.[/h]
NEW YORK—H.J. Heinz Co. is buying Kraft Foods, creating one of the largest food and beverage companies in the world with annual revenue of about US$28 billion.

The Kraft Heinz Co. will own brands such as Kraft, Heinz, Oscar Mayer, Ore-Ida and other brands. Eight of those brands have annual sales of US$1 billion or more and five others log sales between US$500 million and US$1 billion every year.

The deal to bring together the two companies, each more than a century old, was engineered by Warren Buffett’s Berkshire Hathaway and Brazilian investment firm 3G Capital. The two will invest another US$10 billion in the new company.

3G Capital is the company behind the takeover of Tim Hortons by Burger King last year.

It joined forces with Berkshire Hathaway two years ago to buy Heinz in a deal valued at $23.3 billion.

Kraft Heinz will maintain headquarters in Pittsburgh, where Heinz is based, and also in the Chicago area, where Kraft resides.

The merger comes as well-established food producers struggle to keep up with shifting appetites. Consumers are seeking more unprocessed foods, and have migrated away from one-time staples of the American diet.

Buffett, however, said both companies have a strong base. He has been investing steadily on both of them for quite a while.

 

[Wanker]

Tim Hortons co-founder accused of sex assault

Ron Joyce 'vehemently denies' claim





The billionaire co-founder of Tim Hortons is being accused of sexually assaulting his occasional lover four years ago.

A civil lawsuit against Ron Joyce, who “vehemently denies” assaulting the woman and asserts he’s the victim of a “blatant” extortion attempt, follows an unrelated but similar lawsuit in February by another woman, Elizabeth Kelly, against Joyce’s son, Steven.

Kelly, 50, in that lawsuit alleges Steven Joyce assaulted her aboard his father’s mega-yacht in Florida in an October 2014 incident the younger Joyce maintains was consensual.

In the latest lawsuit, a Toronto woman, who unlike Kelly hasn’t consented to being identified, is seeking $7.5 million in damages because she is suffering “from anxiety and other adverse effects” from the alleged 2011 incident, according to court documents.