Buffett emerges as dealmaker in mega fast-food merger

Warren Buffett has emerged as the dealmaker in a tax-driven merger that will create the world’s third largest quick-service restaurant chain.

His Berkshire Hathaway will provide $US3 billion in equity funding for US-based Burger King Worldwide to buy Tim Hortons, Canada’s dominant coffee-and-doughnut chain.

The combined operation will have about $US23 billion in system sales and more than 18,000 restaurants in 100 countries.

 

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