Tuesday, April 3, 2012

Reuters: Global Markets: Burger King to go public again

Reuters: Global Markets
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Burger King to go public again
Apr 4th 2012, 00:20

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Analysis & Opinion

A Burger King logo is seen in central Ankara March 8, 2012. REUTERS/Umit Bektas

A Burger King logo is seen in central Ankara March 8, 2012.

Credit: Reuters/Umit Bektas

Tue Apr 3, 2012 8:20pm EDT

(Reuters) - Burger King Worldwide Holdings Inc said it would go public through an agreement with London-listed investment firm Justice Holdings Ltd (JUSH.L).

3G Capital, which purchased Burger King in September 2010 in a $3.26 billion deal, will get about $1.4 billion in cash and retain a 71 percent stake, the hamburger restaurant chain said in a statement.

Justice Holdings' shareholders will own a 29 percent stake in the combined company, which will be renamed Burger King Worldwide and incorporated in Delaware.

The newly-formed combined company is expected to list on the New York stock exchange.

(Reporting by Chris Jonathan Peters in Bangalore; Editing by Bernard Orr)

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