Sold! Burger King Goes for $4B
3G Capital to acquire company for $4B
By Kate Seamons,  Newser Staff
Posted Sep 2, 2010 9:02 AM CDT
Burger King crowns are on display in a Mountain View, Calif. store.   (AP Photo/Paul Sakuma, File)

(Newser) – Burger King got itself a whopper of a deal: The country's second-largest hamburger chain will sell itself to private equity firm 3G Capital for $24 a share. Final price tag: about $4 billion, reports Bloomberg. That price is 46% more than Burger King’s $16.45 close on Tuesday, before reports of private equity talks surfaced. The agreement allows Burger King to solicit superior bids through Oct. 12.

 

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