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


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)