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Berkshire Uses Warrant to Add Common Stake in Burger King Parent

Warren Buffett’s Berkshire Hathaway Inc. used a warrant to buy 8.4 million shares of Restaurant Brands International Inc., the parent company for the Burger King and Tim Hortons fast-food chains.

Berkshire paid a penny a share to take a stake of 4.2 percent of the outstanding common stock of Restaurant Brands, the Oakville, Ontario-based fast-food company said today in a regulatory filing. The holding is worth more than $300 million based on today’s closing price in New York.