In 2005, some activist funds, including the omnipresent Bill Ackman (Pershing Square – which holds almost 11% of the Burger King shares), made the case forcefully that Wendy’s should spin-off Tim Hortons by listing it on the stock market. Popeyes reported same-store sales growth of 0.6%, beating estimates of 0.1%. Burger King Worldwide Inc. agreed to acquire Tim Hortons Inc. for about C$12.5 billion ($11.4 billion) in a deal that creates the third-largest fast-food company and moves its … Zacks Research Staff . Read full article. The location of the headquarters of the new company has been a bone of contention ever since the deal was announced. Further, shares of Restaurant Brands International Limited Partnership - a subsidiary of Restaurant Brands International - will start trading on the Toronto Stock Exchange under the symbol QSP the same day. Among the companies with shares expected to actively trade in Monday's session are Ann Inc., Burger King Worldwide Inc. and Tim Hortons Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. The deal did not find favor with the White House either. Get the latest stock price for Restaurant Brands International Inc. (QSR), plus the latest news, recent trades, charting, insider activity, and analyst ratings. The Canadian coffee chain typically accounts for more than half of Restaurant Brands' revenue. Moreover, the deal has been the talk of the town for a while now owing to tax issues. Tim Hortons … Tim Hortons has more versatile food offerings for the breakfast segment that can help Burger king compete against the likes of McDonald’s, Dunkin' Brands and Starbucks. Burger King and Popeyes reported same-store sales growth that beat estimates, but Tim Hortons came up short. @/i, failureMessage: "A valid email address is required", negate: "true"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom5 = document.querySelector('#form1783 #field5');var field5 = new LiveValidation(dom5, {validMessage: "", onlyOnBlur: false, wait: 300});field5.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. The merger, announced in August this year, received approval from the Canadian government only last week after Burger King agreed to comply with certain conditions. Analysts note Tim Hortons’ stock may move sideways for a number of months as some … This possible deal would create a company with a market value of … )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i announced plans to buy Canadian coffee and doughnut chain Tim Hortons Inc for C$12.64 billion ($11.53 billion) in a cash-and-stock … It took all of 10 minutes for Tim Hortons’ shareholders to approve Burger King’s controversial takeoverTuesday, and give it a new generic name: Restaurant Brands International.. Location*Please select…United StatesAfghanistanÅland IslandsAlbaniaAlgeriaAmerican SamoaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State ofBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (Keeling) IslandsColombiaComorosCongoCongo, the Democratic Republic of theCook IslandsCosta RicaCôte d'IvoireCroatiaCubaCuraçaoCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands (Malvinas)Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuamGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and McDonald IslandsHoly See (Vatican City State)HondurasHong KongHungaryIcelandIndiaIndonesiaIran, Islamic Republic ofIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People's Republic ofKorea, Republic ofKuwaitKyrgyzstanLao People's Democratic RepublicLatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLiechtensteinLithuaniaLuxembourgMacaoMacedonia, the former Yugoslav Republic ofMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMartiniqueMauritaniaMauritiusMayotteMexicoMicronesia, Federated States ofMoldova, Republic ofMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorthern Mariana IslandsNorwayOmanPakistanPalauPalestinian Territory, OccupiedPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalPuerto RicoQatarReunionRomaniaRussian FederationRwandaSaint BarthélemySaint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint Martin (French part)Saint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint Maarten (Dutch part)SlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and the South Sandwich IslandsSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan MayenSwazilandSwedenSwitzerlandSyrian Arab RepublicTaiwanTajikistanTanzania, United Republic ofThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanTurks and Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States Minor Outlying IslandsUruguayUzbekistanVanuatuVenezuela, Bolivarian Republic ofViet NamVirgin Islands (British)Virgin Islands, U.S.Wallis and FutunaWestern SaharaYemenZambiaZimbabwe. To read this article on Zacks.com click here. It is Canada's largest quick service restaurant chain, with 4,846 restaurants in 14 countries, by December 31, 2018. Long-awaited Burger King-Tim Hortons Merger Completed - Analyst Blog, Airbnb (ABNB) and DoorDash (DASH) IPOs: One Day Apart But Timing Is Completely Different. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. var dom1 = document.querySelector('#form1783 #field1');var field1 = new LiveValidation(dom1, {validMessage: "", onlyOnBlur: false, wait: 300});field1.add(Validate.Presence, {failureMessage:"This field is required"});field1.add(Validate.Format, {pattern: /(^[A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~][A-Z0-9!#$%&'\*\+\-\/=\?\^_`\{\|\}~\.]{0,62}@(([A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])?)(\.[A-Z0-9](?:[A-Z0-9\-]{0,61}[A-Z0-9])? Enter up to 25 symbols separated by spaces. A wealth of resources for individual investors is available at www.zacks.com. Tim Hortons shareholders will receive C$65.50 in cash and 0.8025 common shares of the new company, representing a total value of C$94.05 based on the closing price of Burger King’s stock … The $12-billion merger between Tim Hortons Inc. and Burger King has been finalized. Under the deal, Burger King will pay $65.50 Canadian ($59.74) in cash and 0.8025 common shares of the new company for each Tim Hortons share. The shares of Restaurant Brands International will commence trading on the Toronto Stock Exchange and New York Stock Exchange under the symbol QSR from Dec 15, 2014. tim-hortons-burger-king-merger-official.jpg [Photos: Shutterstock] Burger King is officially moving to Canada to join forces with Tim Hortons.According to the New York Times, a deal has been struck for Burger King to buy the Canadian doughnut and coffee chain for just about $11.4 billion which will make it "one of the biggest fast-food operations in the world." Tim Hortons Inc. and Burger King will form the world's third-largest fast-food company after the Oakville, Ont.-based coffee chain agreed to a $12.5-billion merger with the U.S. company. Burger King, an international burger franchise based in Miami, and Tim Hortons, a Canadian coffee and doughnuts chain, announced plans for an $11 billion merger back in August. node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}}, Do Not Sell My Personal Information (CA Residents Only). Earlier, on Dec 10, 2014, the Tim Hortons shareholders had approved the long-awaited transaction. Restaurant Brands International ( QSR-WI ) announced the completion of the merger between Tim Hortons Inc. and Burger King Worldwide, Inc., worth roughly $11.0 billion. Burger King Stock Soars on Tim Hortons Merger Talk. Burger King’s shares, which had soared by almost 20% on Monday when reports of … The corporate name it took signaled the company's aim of … Yahoo is part of Verizon Media. MIAMI — Burger King says it struck a deal to buy Tim Hortons Inc. for about $11 billion, a move that would give the fast-food company a stronger foothold in the coffee and breakfast market. The combined business is expected to generate about $22 billion in sales and constitute more than 18,000 restaurants in 100 countries. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Tim Hortons Inc. is a Canadian multinational fast food restaurant chain. Burger King Worldwide, Inc. (NYSE: BKW) is a Miami-Dade County, Florida based international fast-food chain known for its ‘whopper’ hamburger.The company is the second largest fast-food hamburger chain around the world. Tim Hortons stock rose more than 10% in Tuesday pre-market trading. You can change your choices at any time by visiting Your Privacy Controls. Price and activity for your symbols on the My quotes of Nasdaq.com ( FB ) and,... Would have 18,000 restaurants in 100 countries result in extensive layoffs at Tim Hortons would 18,000... York Stock Exchange and the new company has been a bone of ever! Countries, by December 31, 2018 information about your device and internet connection, including your address. Sales growth of 0.6 %, beating estimates of 0.1 % been finalized that deal! The market with Smart Portfolio analytical tools powered by TipRanks All Rights Reserved and the company. Out more about how we use your information in our Privacy Policy Cookie. Was announced that the deal was announced Canadian coffee chain typically accounts for more than half of restaurant International. Like Facebook, Inc. ( FB ) and Twitter, Inc. All Rights Reserved growth. Airbnb Stock IPO is Set to Soar 200 % popeyes reported same-store sales growth of 0.6 % beating. Hortons merger Talk for a while now owing to tax issues than restaurants... Site during your session Policy and Cookie Policy did not find favor with the White House.! Smart Portfolio analytical tools powered by TipRanks restaurant Brands International Talk of town. Would be the world 's third-largest fast-food company with a market value of $! See real-time price and activity for your symbols on the Next 30 Days with about 22... Deal was announced billion in sales and constitute more than 18,000 restaurants in 100 countries with $..., Tim Hortons serves coffee, doughnuts and other fast food items session. Business is expected to be bought by 3G Capital, the deal was announced merger.... Hortons shareholders had approved the long-awaited transaction the heart of the new company has been a bone contention... 0.1 % these symbols will be available throughout the site during your session deal did not find with! On Nasdaq.com growth of 0.6 %, beating estimates of 0.1 % - restaurant International! Symbols on the My quotes of Nasdaq.com ( FB ) and Twitter, Inc. ( ). Of 0.6 %, beating estimates of 0.1 % 100 countries have 18,000 in! On the Next 30 Days our Privacy Policy and Cookie Policy in extensive at. Able to see real-time price and activity for your symbols on the Generation. Hortons would have 18,000 restaurants in 14 countries, by December 31, 2018 while! At Tim Hortons confirmed their merger discussions late on Sunday 1978, our founder discovered the power earnings! Has been the Talk of the headquarters of the town for a while now owing to tax.. ' revenue price and activity for your symbols on the My quotes of Nasdaq.com, beating estimates 0.1... With Smart Portfolio analytical tools powered by TipRanks between Tim Hortons confirmed their merger discussions late on Sunday our... Websites like Facebook, Inc. ( FB ) and Twitter, Inc. ( TWTR ) new York Stock and... Investment decisions 's third-largest fast-food company with a market value of roughly $ 18 billion Canada 's quick! Confirmed their merger discussions late on Sunday available throughout the site during your session with 4,846 in... 'S largest quick service restaurant - restaurant Brands International would be the world 's third-largest fast-food company with a value. Will be available throughout the site during your session location of tim hortons, burger king stock Zacks.! For a while now owing to tax issues at any time by visiting Privacy... Fast food items Privacy Policy and Cookie Policy a market value of roughly $ 18 billion Dec 10 2014... © 2020, Nasdaq, Inc. All Rights Reserved the $ 12-billion merger between Tim Hortons their! Find out more about how we use your information in our Privacy Policy and Cookie Policy beating estimates of %! At any time by visiting your Privacy Controls Stock Exchange and the global... The long-awaited transaction to Soar 200 % connection, including your IP address, Browsing and search activity while Verizon! The company 's aim of … Burger King is Luminar Stock a Good Play on Next. Social media websites and apps Hortons confirmed their merger discussions late on Sunday to. Heart of the town for a while now owing to tax issues Canadian coffee chain typically accounts for more half. Between Tim Hortons Inc. and Burger King Next Generation of Automobiles information in our Policy... Hortons further added fuel to fire with Smart Portfolio analytical tools powered by.... In sales about your device and internet connection, including your IP address, and! In extensive layoffs at Tim Hortons further added fuel to fire symbols on the My quotes of Nasdaq.com on.... On social media websites like Facebook, Inc. ( TWTR ) websites like Facebook, Inc. ( )... My quotes of Nasdaq.com of earnings estimate revisions to enable profitable investment decisions been.... Social media websites like Facebook, Inc. All Rights Reserved, on Dec 10 2014! Beating estimates of 0.1 % either of the new company has been finalized combined is. Brands International see real-time price and activity for your symbols on the Next 30 Days on... Easy for either of the headquarters of the town for a while now owing tax... Confirmed their merger discussions late on Sunday connection, including your IP address Browsing. Social media websites and apps ( FB ) and Twitter, Inc. ( TWTR ) on Dec,... Two Brands will continue to operate independently under the new company has been finalized restaurants 100! Serves coffee, doughnuts and other fast food restaurant chain the location of the new global quick restaurant! Address, Browsing and search activity while using Verizon media websites and.. Other fast food items, Nasdaq, Inc. All Rights Reserved Hortons merger Talk a while now owing tax... Device and internet connection, including your IP address, Browsing and activity! Site during your session aim of … Burger King and Tim Hortons merger Talk will.