#CanadianProblems
Aug 26 (Reuters) - Burger King Worldwide Inc (BKW.N) announced plans to buy Canadian coffee and doughnut chain Tim Hortons Inc (THI.TO) for C$12.64 billion ($11.53 billion) in a cash-and-stock deal that would create the world's third-largest fast-food restaurant group.
With roughly $23 billion in combined annual sales, more than 18,000 restaurants in 100 countries and two strong, independent brands, the new entity would have an extensive global footprint and significant growth potential, the companies said in a joint statement on Tuesday.
The companies had said on Sunday that they were in merger talks, and shares of both soared on Monday.
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