Burger King and Tim Hortons owner to buy Popeyes for $1.8 billion

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A popeyes restaurant sign is seen on the intersections of Broadway and New Orleans a cross the street from the John Hopkins Hospital in Baltimore, Maryland November 4, 2015. For many who knew Ben Carson in Baltimore, his U.S. presidential candidacy ... comes as a surprise. Over more than three decades as a Baltimore resident ending in 2013, Carson - now a front-runner in the race for the Republican Party nomination - rarely spoke about his political views. An unassailable local hero, a Johns Hopkins Hospital neurosurgeon, Carson put his wealth to use helping the poor. He established a scholarship program for school children and hosted a banquet each year to honor its recipients. Picture taken November 4, 2015. REUTERS/Carlos Barria - RTS62P7 (Copyright Reuters 2017)

Restaurant Brands International Inc , owner of the Burger King and Tim Hortons fast-food chains, said on Tuesday it would acquire Popeyes Louisiana Kitchen for $1.8 billion in cash.

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Popeyes shareholders will get $79.00 for each share they hold, a 19.5 percent premium to the stock's Friday close.

(Reporting by John Benny in Bengaluru; Editing by Maju Samuel)