In what could be a whopper of a deal for Tim Hortons, Burger King is in talks to buy the iconic Canadian company.
A joint statement by the companies says they hope to form a new corporation that would be based in Canada — although they would continue to operate as standalone brands.
If a merger is completed, the new company would become the world's third-largest quick-service restaurant chain, with more than 18,000 locations and sales of about $22 billion.
Investor Warren Buffett is helping finance Burger King Worldwide Inc.'s planned takeover of Canadian coffee-and-doughnut chain Tim Hortons Inc., according to people familiar with the matter, in a surprise twist that thrusts the billionaire into a debate over U.S. taxes.
originally posted by: MOMof3
a reply to: snypwsd
I feel it is my responsibility to warn my neighbors, the Canadians. Never forget the 08Crash. They stole the american middle class retirements, our jobs, sent our youth into perpetual wars, slashed our social programs and gave the rich tax cuts. The first thing the Corps will do, is find the taxpayers "discretionary spending money". They will find a way to attack your health care and all your social programs. Because they will want all that for themselves. Under the guise that now the Canadian tax rate is too high. They are looking for new middle classes to plunder. The Nordic countries will be next.