Deals
Burger King Owner Said in Advanced Talks to Buy Popeyes
- Restaurant Brands said to plan takeover of fried-chicken chain
- Popeyes Louisiana Kitchen is valued at about $1.37 billion
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Restaurant Brands International Inc., the owner of Burger King, is in advanced talks with Popeyes Louisiana Kitchen Inc. about a takeover of the fried-chicken chain, according to people familiar with the matter.
Negotiations between the companies are ongoing, and a transaction could be announced as early as this week, said the people, who asked not to be identified as the details aren’t public. Talks could still fall apart, the people said. Popeyes has a market value of about $1.37 billion, while Restaurant Brands is worth $25 billion.