Burger King owner to buy Popeye's for $1.8B

The company that owns Burger King added to its fast-food empire with a deal to acquire chicken chain Popeyes for $1.8 billion. Restaurant Brands International, which owns Burger King and coffee-shop chain Tim Hortons, said Tuesday that it had agreed to purchase the rapidly growing company formally known as Popeyes Louisiana Kitchen for $79 per share. Popeyes has more than 2,600 locations, about double what it had in 2008. Some 97% are franchises.
Read more: http://www.usatoday.com/story/money/2017/02/21/burger-king-popeyes-tim-hortons/98189186/?source=Snapzu