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.

Prev Next

MORE National ARTICLES

Modest amount of overvaluation in Canadian housing markets, CMHC says

OTTAWA — The Canada Mortgage and Housing Corp. said there is a modest amount of overvaluation in the country's housing markets, however other risk factors such was overheating, price acceleration, and overbuilding are not present.

Modest amount of overvaluation in Canadian housing markets, CMHC says

Houses should be checked for radon gas, can cause lung cancer, experts say

TORONTO — It's a naturally occurring radioactive gas that can seep through cracks and crevices in houses and other enclosed spaces — and can cause lung cancer. Yet many Canadians aren't even aware of its existence or the health risk the substance can pose.

Houses should be checked for radon gas, can cause lung cancer, experts say

Forget city living: Canadian seniors moving to suburbs, study says

MONTREAL — Twice a week, Alphons Evers sets aside a few hours to work the phone, matching up his roster of volunteer drivers with clients who need a lift.

Forget city living: Canadian seniors moving to suburbs, study says

Today on the Hill: Committees look at the threats to Canadian security

OTTAWA — The issue of dealing with those who would harm Canadians will be the focus of two committee meetings taking place today on Parliament Hill.

Today on the Hill: Committees look at the threats to Canadian security

Jury in first-degree murder trial of Luka Rocco Magnotta sent home until Tuesday

MONTREAL — Jurors at Luka Rocco Magnotta's first-degree murder trial have been sent home until Tuesday morning.

Jury in first-degree murder trial of Luka Rocco Magnotta sent home until Tuesday

Crew member expected to testify at murder trial of fisherman in Cape Breton

PORT HAWKESBURY, N.S. — The trial of a Nova Scotia man charged in the death of a lobster fisherman whose body has never been found is expected to resume today.