Economics

Is Yum! Brands Next For 3G Capital After Tim Hortons-Burger King Deal?

by Financial Post

Is Yum! Brands next for 3G Capital after Tim Hortons-Burger King deal?

Burger King Worldwide Inc. was upgraded at RBC Capital Markets after Tim Hortons Inc. shareholders approved a takeover of the iconic Canadian coffee chain and as more consolidation is expected. Analyst David Palmer also raised his price target on Burger King to US$38 per share from US$30, in anticipation that the combined company (Restaurant Brands International)…

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