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Burger King to be bought by 3G Capital for $4 billion

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sinkingfeeling Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-02-10 10:23 AM
Original message
Burger King to be bought by 3G Capital for $4 billion
http://money.cnn.com/2010/09/02/news/companies/burger_king/index.htm?hpt=T2

NEW YORK (CNNMoney.com) -- Burger King said Thursday that it has agreed to be acquired by investment firm 3G Capital in a deal valued at $4 billion.

New York-based 3G Capital will buy the fast food chain for $24 a share. That marks a 46% premium over Burger King's closing price of $16.45 on Tuesday, the day before news reports said the company was up for sale

Burger King (BKC) shares rose almost 15% Wednesday after a Wall Street Journal report said 3i Group, based in London, was preparing to buy Burger King. But the Journal retracted that statement later in the day after 3i refuted it.
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izquierdista Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-02-10 10:34 AM
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1. Well hold my pickle!
:wow: :wow:
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MattBaggins Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-02-10 11:05 AM
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2. Doesn't that seem like a rather lowball amount for a franchise that large?
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izzybeans Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-02-10 11:06 AM
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3. Expect even worse food and higher prices.
yummy.
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Radical Activist Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-02-10 11:12 AM
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4. Will this mean an end to the creepy commercials.
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potassiumnitrate Donating Member (102 posts) Send PM | Profile | Ignore Thu Sep-02-10 11:14 AM
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5. Long live the Whopper
Whoppers are my favorite. Baconators come next.

Bic Macs can go to hell.
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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-02-10 11:25 AM
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6. that`s a bad investment unless.....
they improve the food and selections.
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