Posted on 08/24/2014 7:27:28 PM PDT by Squawk 8888
Tim Hortons coffee could soon be the property of Burger King Worldwide, with the two companies confirming late Sunday night that they are in discussions for the U.S. burger chain to buy Canada’s iconic coffee and donut chain. The big draw for Burger King, according to a report from the Wall Street Journal, is the potential for tax inversion — effectively relocating the company’s home base to Canada to take advantage of the country’s comparatively lower tax base.
The two companies issued a statement confirming they are in discussions “regarding the potential creation of a global leader in the quick service restaurant business. The new publicly-listed company would be headquartered in Canada, the largest market of the combined company.”
Combined, the two companies have a US$18-billion market cap and their merger would create the third-largest quick-service restaurant provider in the world.
While the brands would continue to operate individually, the companies’ statement said, 3G Capital, the Brazilian private equity firm that controls Burger King, “will continue to own the majority of the shares of the new company on a pro forma basis, with the remainder held by existing shareholders of Tim Hortons and Burger King.”
Tim Hortons is based in Oakville, Ont. and Burger King is based in Florida. Together they account for US$22-billion in sales and over 18,000 restaurants in 100 countries worldwide.
(Excerpt) Read more at nationalpost.com ...
that’s because they are congealed grease.
“Burger King used to be higher quality 20 years ago. Recently I went to a Burger king and ordered a Burger. Tasted like cardboard. I kid you not. Dry. Stale”
Ditto for McDonald’s. Their Big Mac is a tiny dried out burger turd now that’s really not fit to eat.
I never did like McD’s burgers- I like them broiled the way the Good Lord intended. Fried burgers are blasphemous.
First “Gay” Whoppers.... how will they make a spin on Tim Hortons?
Oh, that was probably just the pink slime they add.
Bwahahahah!
Ottawa would allow this? Isn't that desecrating a National Institution, or something??
A burgerjoint version of ChicFilA... ;-)
Now if only one of those two would open up close to this corner of the world, they'd have my business. (Gotta drive 60 miles for ChicFilA..)
“Is Tim Hortons better than Krispy Kreme??”
The donuts suck but the coffee is the best.
I sure hope BK doesn’t screw it up.
Wow, I noticed even more about them- there is a Gospel link on their site that is exactly that. Salvation by stealth- love it!
No... I swear they have popped up EVERYWHERE in northwestern PA and western NY... the locals here LOVE Timmay’s... especially when they have those cups that you roll the lip up on and see if you won a prize.
Have it your way, eh?
I spent about six months in Kitchner-Waterloo, eh? I started my shift at 05:00. There were two Tim Hortons open at that time, one was smoking and the other non-smoking. Let the market decide, eh. I would grap a 16 once, that’s 454 ml, and a sour cream on my way in. It may be an acquired taste, but I miss ‘em. I stopped at one in Maine with my wife, it was a disappointment. More limited menu, the coffee nowhere near as good as I remembered it.
The city in the World that drinks the most coffee per capita was (and may well still be) Moncton, New Brunswick, eh.
Maybe it’s popular there because you’re in hockey country LOL.
Well, afterall, it is the best game you can name!
Listen to any Canadian talk, and it will stand right out... it's like the equivalent of the kids in America now all saying "Not a problem" instead of "You are welcome".
Speaking of Canada speak... I always get a kick out of how they make long vowels short and vice versa compared to us... like the word produce (as in fruits and vegetables). Down here it would be PROH-doos, but up there it is PRAH-duhs.
“I never did like McD’s burgers”
Forty years ago I thought I liked them. I’m not sure if I changed or the burgers changed or both. Most people of my age assure me that McD burgers did in fact used to be MUCH better.
Of course, I don’t like ANY of the chain burgers now, and pretty much any of ‘em give me a belly ache. The worst thing is that everyone cooks ‘em into charcoal briquets now because they solve their e. coli problem like that at the end instead of safely handling the uncooked burger all along the way.
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