Deals
Burger King Bears Surge Amid Tim Hortons-Deal Anxiety
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Investors concerned that tighter U.S. rules for cross-border deals will kill Burger King Worldwide Inc.’s merger with Tim Hortons Inc. are flocking to the options market.
Bearish contracts on the Whopper maker cost the most ever versus bullish bets as trading in the options surged. Short interest on Burger King, which agreed in August to buy the Canadian coffee-and-doughnut chain for $11 billion, has jumped fivefold since the deal was announced.