Pursuits
Tim Hortons Shareholders Vote to Sell Company to Burger King
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Tim Hortons Inc. shareholders approved the sale of the doughnut chain to Burger King Worldwide Inc. for about $11 billion, paving the way for the creation of the world’s third-largest fast-food company.
About 99 percent of votes cast by shareholders were in favor of the deal, Oakville, Ontario-based Tim Hortons said today in a statement. The new combined business will be called Restaurant Brands International, the company said.