Competition Bureau gives OK to Burger King deal to buy Tim Hortons
Posted Oct 28, 2014 11:58:08 AM.
This article is more than 5 years old.
OTTAWA – Canada’s Competition Bureau has approved Burger King’s plan to buy Tim Hortons Inc. (TSX:THI).
The federal regulator says it issued a “no action letter” after concluding the deal was unlikely to reduce competition.
Burger King has offered US$11 billion for the Canadian coffee chain.
The deal still faces a review under the Investment Canada Act and requires approval by Tim Hortons shareholders.