Close X
Friday, November 15, 2024
ADVT 
National

Tim Hortons, Burger King finalize merger to form Restaurant Brands International

Darpan News Desk The Canadian Press, 12 Dec, 2014 11:20 AM

    TORONTO — The $12-billion merger between Tim Hortons Inc. (TSX:THI) and Burger King has been finalized.

    The new combined company, Restaurant Brands International (TSX:QSR), will begin trading on Monday, according to a statement issued by the company Friday.

    Tim Hortons and Burger King will continue to operate as independent brands.

    Daniel Schwartz, who served as the chief executive of Burger King Worldwide, will take the reins of the combined company, as previously announced.

    Marc Caira, who was the CEO of Tim Hortons, will become vice-chairman of Restaurant Brands International's board of directors.

    The rest of the leadership structure will be announced on Monday, the company said.

    Tim Hortons shareholders voted in favour of the deal, worth more than $12 billion in stock and cash, on Tuesday, following approvals from Ottawa and the Competition Bureau.

    MORE National ARTICLES

    Ex-Quebec lieutenant-governor Lise Thibault pleads guilty to fraud-related charges

    Ex-Quebec lieutenant-governor Lise Thibault pleads guilty to fraud-related charges
    QUEBEC — Former Quebec lieutenant-governor Lise Thibault has pleaded guilty to charges of fraud and breach of trust.

    Ex-Quebec lieutenant-governor Lise Thibault pleads guilty to fraud-related charges

    Canadian Embassy in Cairo closed for the day over security worries

    Canadian Embassy in Cairo closed for the day over security worries
    CAIRO — The Canadian Embassy in Cairo has been closed amid security concerns, one day after the British Embassy suspended its services because of safety worries.

    Canadian Embassy in Cairo closed for the day over security worries

    Sandwich snafu sends serpent sailing over Tim Hortons counter

    SASKATOON — Two men are facing mischief charges after a sandwich order sent them into a hissy fit at a Tim Hortons restaurant in Saskatoon.

    Sandwich snafu sends serpent sailing over Tim Hortons counter

    Man who says he caused peace officer's death not criminally responsible: defence

    Man who says he caused peace officer's death not criminally responsible: defence
    CALGARY — A man charged with murdering an Alberta peace officer more than two years ago has admitted he caused the man's death.

    Man who says he caused peace officer's death not criminally responsible: defence

    B.C. government limits coverage of blood glucose test strips for diabetics

    B.C. government limits coverage of blood glucose test strips for diabetics
    B.C. is imposing yearly limits on tools used by diabetics to test their blood sugar levels.

    B.C. government limits coverage of blood glucose test strips for diabetics

    Uber Banned In Delhi, 'Rapist Driver' Sent To Police Custody

    Uber Banned In Delhi, 'Rapist Driver' Sent To Police Custody
    Three days after one of its drivers raped a woman commuter, "all activities" of global cab company Uber were banned in Delhi Monday and the accused was sent to three days in policy custody to verify his past crimes.

    Uber Banned In Delhi, 'Rapist Driver' Sent To Police Custody