Burger King purchases Tim Hortons for 11.4 billion. Burger King will move its headquarters to Canada, but will continue to operate out of Miami. Both companies will continue to use the same business models. Alex Behring, managing partner of 3G the company that controls Burger King:
Our combined size, international footprint and industry-leading growth trajectory will deliver superb value and opportunity for both Burger King and Tim Hortons shareholders, our dedicated employees, strong franchisees, and partners.