FOX: Burger King and Tim Hortons Owner to Buy Popeyes for $1.8 Billion

Restaurant Brands International Inc. has acquired Popeyes Louisiana Kitchen for $1.8 billion, with plans to introduce Popeyes globally.

Originally published in 1851 Franchise• February 21, 2017• 1 min read

Read the original at 1851 Franchise

FOX: Burger King and Tim Hortons Owner to Buy Popeyes for $1.8 Billion — Image via 1851 Franchise

TL;DR

Restaurant Brands International Inc. has acquired Popeyes Louisiana Kitchen for $1.8 billion. The acquisition will introduce Popeyes globally.

On Tuesday, Restaurant Brands International Inc, owner of Burger King and Tim Hortons, announced the acquisition of Popeyes Louisiana Kitchen for $1.8 billion, with plans to introduce Popeyes to diners globally. According to FOX Business , Popeyes shareholders will get $79 for each share they hold.

Popeyes Louisiana Kitchen was founded 45 years ago “as a Southern-fried ‘Chicken on the Run’ restaurant” in New Orleans, bringing in fans like pop singer Beyonce. Since then, the restaurant chain has expanded to over 2,000 restaurants.

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This story was originally published in 1851 Franchise on February 21, 2017. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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