BofA/Merrill Lynch Upgrades Burger King Worldwide (BKW) Two-Notches to Buy
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Warren Buffet Helping Finance Burger King (BKW) Merger with Tim Hortons (THI) - WSJ
August 26, 2014 6:40 AM EDTWarren Buffet is helping finance Burger King's (NYSE: BKW) merger with Tim Hortons (NYSE: THI), according WSJ. Buffet is expected to finance 25% of the deal.
... MoreBurger King (BKW) Valuation Reflects Aggressive Tim Hortons (THI) Assumptions, Says Analyst
August 25, 2014 3:14 PM EDTWells Fargo maintained a Market Perform rating on Burger King Worldwide (NYSE: BKW) and raised its price target to $30-$32 (from $26-$27). Earlier, Tim Hortons (NYSE: THI) and Burger King confirmed that they are in discussions regarding... More
Tim Hortons (THI) Price Target Boosted to $90 at KeyBanc on Potential Burger King (BKW) Deal
August 25, 2014 11:56 AM EDTKeyBanc analyst Chris O'Cull reiterated a Buy rating and boosted his price target on Tim Hortons (NYSE: THI) to $90.00 (from $75.00) amid news Burger King Worldwide (NYSE: BKW) is in talks to purchase the company.
On the tax benefits of a deal, the analyst said they will probably be longer term. " The federal statutory rate in Canada is 15%, which is much lower than the 35% statutory tax rate in the United States," he notes.... More
BofA/Merrill Lynch Weighs in on Potential Tim Hortons (THI)/Burger King (BKW) Deal
August 25, 2014 7:47 AM EDTBofA/Merrill Lynch analyst Joseph Buckley weighed on news Tim Hortons (NYSE: THI) and Burger King (NYSE: BKW) are in discussions about a potential strategic transaction to combine into a single public company which would be headquartered in Canada.
First, Buckley notes while media reports... More
Krispy Kreme (KKD), McDonald's (MCD), Others on Watch Following Burger King/Tim Hortons News (THI) (BKW)
August 25, 2014 6:36 AM EDTKrispy Kreme Doughnuts (NYSE: KKD), Dunkin Brands (Nasdaq: DNKN), Wendy's (NYSE: WEN), and McDonald's (NYSE: MCD) are among various quick-service restaurants on watch Monday following news... More
Tim Hortons (THI), Burger King (BKW) Affirm Discussions for Possible Combination
August 25, 2014 6:07 AM EDTTim Hortons (NYSE: THI) and Burger King Worldwide Inc. (NYSE: BKW) confirmed that they are in discussions regarding the potential creation of a global leader in the quick service restaurant business. The new publicly-listed company would be headquartered in Canada, the largest market of the combined company.
3G Capital, the majority owner of Burger King, will... More
Burger King (BKW) in Talks to Acquire Tim Hortons (THI) - WSJ
August 24, 2014 7:54 PM EDTBurger King Worldwide (NYSE: BKW) is in talks to acquire Tim Hortons (NYSE: THI), with the deal structured as a tax inversion, the Wall Street Journal reported late Sunday
... More