The hamburger chain Burger King is in talks to buy the coffee chain and Canadian Tim Hortons donuts, says the Wall Street Journal Sunday, August 24, saying that the operation would allow the American group to take up residence in Canada.
The merger, which would result in the creation of a new holding company, would constitute the largest group of fast food the newspaper said.
The two groups currently represent a market capitalization of about $ 18 billion.
In the favor of the transaction, Burger King may be domiciled in Canada and evade American taxes.
This could create a wave of criticism when many companies, particularly in the area of pharmaceutical companies have recently made the move, yet the newspaper said.
Founded in 1954 from a restaurant in Miami where he is based, Burger King became the Second World hamburger chain with 13,000 stores in a hundred countries.
Canadian leader in the distribution of coffee , Tim Hortons is based in Oakville (Ontario, Canada).
(with AFP)
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