GFM Network News


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Owner of Tim Hortons, Burger King posts strong Q1

Reuters — Restaurant Brands International said on Monday its Burger King and Tim Hortons chains posted their strongest same-store sales performance in years in the first quarter, with customers lured in by popular menu items. The company’s stock rose more than three per cent in early trading but later pared gains. U.S. chain Burger King […] Read more



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Tim Hortons shareholders approve Burger King deal

Stockholders in Canada’s emblematic Tim Hortons coffee-and-donut chain have voted their shares in favour of U.S. fast-food chain Burger King’s marriage proposal. A special THI shareholders’ meeting held Tuesday at the company’s Oakville, Ont. headquarters saw the proposal receive about 99.2 per cent approval in votes cast. The two firms announced Tuesday their combined new […] Read more

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Burger King takeover of Tim’s gets federal approval

Canada’s federal industry minister has given his blessing to the planned takeover of iconic coffee-and-donut chain Tim Horton’s by U.S. fast food giant Burger King. James Moore said Thursday his ministry has reviewed the proposed US$15.5 billion takeover, as the Investment Canada Act requires for such foreign investment transactions. Through the review of Burger King’s […] Read more


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Antitrust watchdog clears Tim Hortons takeover

Canada’s Competition Bureau has no plans to block Timmy’s entry to the Burger King’s kingdom. The bureau said Tuesday it has issued a “no action” letter confirming it won’t, at this time, challenge the US$15.5 billion merger of Tim Hortons into Burger King as proposed in August. The deal is “unlikely to result in a […] Read more