date:Aug 29, 2014
terms of the deal, Tim Hortons shareholders will receive $59.74 in cash and 0.8025 shares of the new company for every share they own.
This is seen as a so-called tax inversion scheme, an increasingly common legal manoeuvre that allows US companies to take on the nationality of another country by buying a company there and lower tax burden in its home base.
Founded in 1954, Burger King operates over 13,000 locations in nearly 100 countries and territories across the globe while Tim Hortons ope