Just when you thought that Burger King is cheap, it gets sold for $3.3 Billion to 3G Capital, or $24/share, which is very close to the $23/share lowball offer possibility that I discussed yesterday, when I assumed that the company will be valued at 17...
After reporting on the Burger King takeover rumor, I can confirm right now that it's no longer a rumor. Apparently 3G Capital, an investment firm, is currently in talks with BK to buy the famous (and worldwide) food chain. It's not known yet how much 3G...
BKC has jumped 15.50% to $19.00 so far today. Apparently there is a buyout rumor spreading.
Burger King is not a bad company but I personally don't like it and I don't believe in it, especially in the past couple of years. The Burger King ads are...