Page 1 of 1 1
Topic Options
#7832728 - 08/25/14 07:13 AM Timmies going to the King
furball Offline
Post Master Sr


Registered: 09/24/03
Posts: 9483
Loc: Toronto, ON
http://www.thestar.com/business/2014/08/25/tim_hortons_confirms_talks_to_sell_to_burger_king.html

 Quote:
Tim Hortons Inc. and Burger King Worldwide Inc. are in talks to have the American burger behemoth take over the iconic Canadian coffee chain, creating the third-largest fast food company in the world.
The new company would have its headquarters in Canada, allowing the 60-year-old Burger King to pay a much lower tax rate.
The two companies, which would have a combined $22 billion in sales and more than 18,000 restaurants worldwide, called the takeover the “potential creation of a global leader in the quick service restaurant business.”
3G Capital, the majority owner of Burger King, would own the majority of shares of the new company, the companies said in a news release.
Tim Hortons and Burger King would operate as standalone brands with shared corporate services and “global scale and reach.” Tim Hortons’ headquarters is in Oakville.
The deal would be structured as a tax inversion, the Wall Street Journal reported Sunday. Tax inversion is an increasingly common legal manoeuvre that allows U.S. corporations to take on the nationality, and lower tax burden, of another country by buying a company there. The U.S. Congress has recorded 47 major American companies using “inversion” in the last decade.
U.S. fast-food chain Burger King is in negotiations to buy Tim Hortons, as a tax-inversion deal. The two companies confirmed the talks late Sunday night.
JUSTIN SULLIVAN / GETTY IMAGES FILE PHOTO

U.S. fast-food chain Burger King is in negotiations to buy Tim Hortons, as a tax-inversion deal. The two companies confirmed the talks late Sunday night.

By flying the Maple Leaf rather than the Stars and Stripes, Burger King stands to pay a 15 per cent corporate tax rate, rather than the 35 they would owe the U.S. government.
Buying Tim Hortons would also give the Miami-based burger chain a boost in the lucrative coffee market, which their chief rival McDonald’s has pursued aggressively.
Burger King has already partnered with the Starbucks-owned Seattle’s Best Coffee to make headway in the high-margin java business.
It wouldn’t be the first time a U.S. firm ran the coffee giant.
In 1995 Tim Hortons was purchased by Wendy’s International Inc. for $400 million. Even after it was spun off by Wendy’s in 2006, it remained incorporated in Delaware. It wasn’t until 2009 that it moved its corporate headquarters to Oakville and reclaimed its legal status as a Canadian company.
In recent years, Tim Hortons has expanded rapidly south of the 49th parallel, where it now boasts over 800 restaurants and has plans for 300 more by the end of 2018.
But Canada remains Tim Hortons’ meal ticket. Last year, two U.S. hedge funds announced they had bought stock in the company and urged it to curb its American blitz.
And the company’s most recent American partnership, with the U.S. ice cream company Cold Stone Creamery, has been fraught. In February, Tim Hortons announced it was pulling the dairy outlets from its Canadian restaurants at a cost of some $19 million in the fourth quarter, but keeping the pairing in its U.S. stores.
The bulk of the chain’s business still comes from Canadian customers, who account for 90 per cent of sales. Tim Hortons has over 3,500 restaurants in Canada, with plans for 500 more in the next five years.
The company has a market capitalization of about $8.4 billion.
Burger King’s stock surged $1.89, or 7 per cent, to $29 before the market open on Monday.

Top
#7832732 - 08/25/14 07:16 AM Re: Timmies going to the King [Re: furball]
Choco 'Nuck Offline
Proud Member of BLM
Post Master Supreme


Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
Fuck, Burger king sucks. They will ruin timmies.
Top
#7832736 - 08/25/14 07:21 AM Re: Timmies going to the King [Re: Choco 'Nuck]
LNXGUY Moderator Offline
Post Master Supreme


Registered: 08/06/00
Posts: 106840
Loc: Barrie, Ont,
I'm guessing they'll be treated as two separate entities.
_________________________
-Bill
The GN would OWN you, your children and your children's children.
'09 E90 335d

Top
#7832746 - 08/25/14 07:37 AM Re: Timmies going to the King [Re: LNXGUY]
JEFFOS Offline
Post Master Supreme


Registered: 01/27/00
Posts: 29139
Loc: Toronto
Look up how old the CEO of BK is.
_________________________
-Jeff

Top
#7832755 - 08/25/14 07:56 AM Re: Timmies going to the King [Re: JEFFOS]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
jeffo needs to apply there asap

http://www.businessweek.com/articles/2014-07-24/burger-kings-ceo-daniel-schwartz-is-33-years-old
_________________________

Top
#7832779 - 08/25/14 08:23 AM Re: Timmies going to the King [Re: LNXGUY]
Screamin Type ARGH! Offline
High Value Poster
Post Master Supreme


Registered: 02/20/01
Posts: 47632
Loc: T.O. - Canaduh
 Originally Posted By: LNXGUY
I'm guessing they'll be treated as two separate entities.


yup
_________________________

"Ban low performance drivers, not high performance cars"

Top
#7832837 - 08/25/14 09:08 AM Re: Timmies going to the King [Re: Screamin Type ARGH!]
Senor Eduardo_82 Offline
miataist
Post Master Supreme


Registered: 01/09/03
Posts: 38036
Loc: Ca�ada
I wouldn't mind getting a Whopper with a double-double some days.
Top
#7832844 - 08/25/14 09:13 AM Re: Timmies going to the King [Re: Senor Eduardo_82]
furball Offline
Post Master Sr


Registered: 09/24/03
Posts: 9483
Loc: Toronto, ON
US lawmakers were all over similar issues where people were heading overseas (can't remember where) to do 'tax inversion' mergers or some shit, for lower tax rates... (IIRC is was a massive merger of some health/bio-tech corps...)

They're gonna use the same bullshit excuses now on Canada...

http://www.businessinsider.com/burger-king-shares-are-surging-2014-8

 Quote:

The new company would have its headquarters in Canada, allowing the 60-year-old Burger King to pay a much lower tax rate.

By flying the Maple Leaf rather than the Stars and Stripes, Burger King stands to pay a 15 per cent corporate tax rate, rather than the 35 they would owe the U.S. government.





Edited by FurBalls (08/25/14 11:23 AM)

Top
#7833087 - 08/25/14 10:48 AM Re: Timmies going to the King [Re: furball]
fatso Offline
Post Master


Registered: 12/12/06
Posts: 2323
Loc: Ontario
Yep. When the US government steps in and axes the deal, the stock will drop back to around $60... time to short THI.
Top
#7833257 - 08/25/14 12:15 PM Re: Timmies going to the King [Re: Choco 'Nuck]
hyper-s2k Offline
Post Master Supreme


Registered: 12/01/05
Posts: 14556
Loc: T dot O dot, Canada
 Originally Posted By: Chocolate Canuck
Fuck, Burger king sucks. They will ruin timmies.


Lol. Because the swill Timmie's serve is so fucking good. \:D


Didn't Wendy's stopped putting their burger joint next to any new Timmie's that pop up?

Or did they actually sold their stake entirely?
_________________________
'08 //M3 - now @ 90,xxx km - wtf did i do?
'13 x1 - now @ 99,xxx km - a2b car
'10 x3 - now @ 123,xxx km - time 2 go?
'03 s2k - now @ 80,xxx km - a2a car
'08 535i - sold @ 149,421 km - cashed out just in time!
'08 impreza 2.5i - sold @ - 64,147 km - smh POS
'01 rav4 - killed @ 155,879 km - RIP old friend

"Driving in the snow is like sex. If you want to avoid accidents, abstinence is the best policy. If you're gonna take her for a spin, use protection." - Rick Mercer

Top
#7833381 - 08/25/14 01:33 PM Re: Timmies going to the King [Re: hyper-s2k]
LNXGUY Moderator Offline
Post Master Supreme


Registered: 08/06/00
Posts: 106840
Loc: Barrie, Ont,
Wendys got out of ownership in 2006, Tim Hortons has been owned by 'Tim Hortons' since then.

BK isn't going to do shit to Timmies, there's nothing to worry about.
_________________________
-Bill
The GN would OWN you, your children and your children's children.
'09 E90 335d

Top
#7833660 - 08/25/14 03:53 PM Re: Timmies going to the King [Re: LNXGUY]
Lost^
Unregistered



Yeah can't see them changing something that has been working for...forever. Would be like mining for silver in a gold mine. Doubt the deal goes through anyway.
Top
#7834465 - 08/26/14 08:37 AM Re: Timmies going to the King [Re: ]
c2k Moderator Offline
Post Master Supreme


Registered: 05/21/00
Posts: 19289
Loc: Wiesloch-Walldorf, Germany
Sweet!

Im looking forward to a honey curler coffee flavored double double whopper with a sprinkle of sugar frosting!
_________________________
Who cares

Top
#7834531 - 08/26/14 09:21 AM Re: Timmies going to the King [Re: c2k]
Euphoricuck Offline
Post Master Supreme


Registered: 11/05/03
Posts: 92703
Loc: Canadistan
damn whoever owns some stock is having some nice returns
_________________________

Top
#7834767 - 08/26/14 10:54 AM Re: Timmies going to the King [Re: Euphoricuck]
furball Offline
Post Master Sr


Registered: 09/24/03
Posts: 9483
Loc: Toronto, ON
Hi, I'd like to get some King Bits.

And a Double Double Whopper.

And Dark Roasted Fries.

Top
#7835338 - 08/26/14 03:00 PM Re: Timmies going to the King [Re: Senor Eduardo_82]
titty sprinkles Offline
Post Master Supreme


Registered: 08/22/05
Posts: 17160
Loc: Toronto,Ontario
 Originally Posted By: eddie _82
I wouldn't mind getting a Whopper with a double-double some days.


brown ppl think alike.

side note: tim's sri lankin roast tastes like shit.
_________________________
2019 TLX Aspec

Top
#7835340 - 08/26/14 03:02 PM Re: Timmies going to the King [Re: titty sprinkles]
Lost^
Unregistered



eddie is brown? my mind is blown.
Top
#7835788 - 08/26/14 08:29 PM Re: Timmies going to the King [Re: ]
Screamin Type ARGH! Offline
High Value Poster
Post Master Supreme


Registered: 02/20/01
Posts: 47632
Loc: T.O. - Canaduh
 Originally Posted By: Lost^
eddie is my dad? my mind is blown.
_________________________

"Ban low performance drivers, not high performance cars"

Top
#7835828 - 08/26/14 08:54 PM Re: Timmies going to the King [Re: ]
Choco 'Nuck Offline
Proud Member of BLM
Post Master Supreme


Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
 Originally Posted By: Lost^
eddie is brown? my mind is blown.



Just on the outside....

Top
#7835829 - 08/26/14 08:56 PM Re: Timmies going to the King [Re: Choco 'Nuck]
titty sprinkles Offline
Post Master Supreme


Registered: 08/22/05
Posts: 17160
Loc: Toronto,Ontario
^no that's you (black on the outside)

eddie:



_________________________
2019 TLX Aspec

Top
Page 1 of 1 1


Moderator:  c2k, LNXGUY, TheRealCSnapper, Professor Paki 
Hop to:
Shout Box

CSi Sponsors

DiGBiC Lighters
DiGBiC Lighters
DallasColo
Dallas Colocation
ClubSi.com Shirts
ClubSi-Shirts
GameStop
Black-Friday Specials
Big Brake Kits
StopTech.Sale BBK Clearance
Brake Kits
Buy Brake Kits
EBC Brake Kits
EBC Brake Kits
BuyBrakes
Brake Kits-Pads & Rotors Sets
StopTech Brake Kits
StopTech
StopTech NZ
StopTech
StopTech Australia
StopTech
Hawk Brake Pads
Hawk Brake Pads
Samys Camera
GoPros, Cameras, Gear
Brake Specials Near Me
Brake Specials Near Me
Brake Pad Coupons
Coupon Code "hondafetish"
Porsche Brakes
Porsche Brake Upgrades
2-Piece Rotors-Civic Type-R
2-Piece Civic Rotors
Advertisement

| Brake Pads | | How To Change Brake Pads | | Drilled Slotted Brake Kits Cheap | EBC Brake Kits | Performance Brake Kits | Brake Specials Near Me | How To Replace Brake Pads