The company that owns Burger King added to its fast-food empire with a deal to acquire fried 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 expanding company formally known as Popeyes Louisiana Kitchen for $79 per share. The deal reflects a 27% premium on the 30-day average of the company's share price.
Popeyes has more than 2,600 locations, about double what it had in 2008. Some 97% are owned by franchisees. Read more at USA TODAY.
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