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Burger King in talks to buy Canada's Tim Hortons

The new company would have 18,000 restaurants in 100 countries with about $22 billion in sales, making it the world's third-largest fast-food restaurant company.

twitter-logo Associated Press   Miami     Last Updated: August 25, 2014  | 15:16 IST
Burger King in talks to buy Tim Hortons
(Photo: Reuters)

Burger King is in talks to buy Tim Hortons and form a new publicly listed company based in Canada.

The companies on Sunday said Miami-based Burger King Worldwide Inc and Ontario-based Tim Hortons Inc would continue to operate as separate brands but would share corporate services.

The two fast-food companies said Burger King's majority owner 3G Capital would continue to own the majority of shares of the new company, with the remainder held by shareholders of Tim Hortons and Burger King.

The new company would have 18,000 restaurants in 100 countries with about $22 billion in sales, making it the world's third-largest fast-food restaurant company.

The Wall Street Journal first reported the talks and that the companies said there's no assurance a deal will happen.

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