Deals
Berkshire to Hold Common Stake in Burger King Parent
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Warren Buffett’s Berkshire Hathaway Inc. will get common stock in Restaurant Brands International Inc., the new parent company for the Burger King and Tim Hortons fast-food chains.
Buffett helped finance the merger, which was announced in August. He also got a warrant to buy common stock of 1.75 percent of the combined business, or about 8.4 million shares, at a penny a piece, according to a filing that month. Exercising that right will bring Berkshire’s Restaurant Brands holding to about 4.18 percent of the outstanding shares, according to a Dec. 12 statement.