Tim Hortons shareholders approve merger with Burger King Worldwide

Emon Reiser

Burger King Worldwide will move is headquarters to Canada, but its U.S. operations will remain in Miami.

Emon Reiser

Reporter- South Florida Business Journal

Email  |  Twitter  |  LinkedIn

Burger King's $11 billion merger with Tim Hortons is moving forward smoothly with 99 percent of shareholders at the Canadian-based coffee and donuts fast casual restaurant approving the deal on Tuesday.

The new company formed by Burger King and Tim Hortons is called Restaurant Brands International and will be based in Canada. The firm will operate more than 18,000 restaurants in 100 countries under the two brands.

Once the deal is complete, Burger King's headquarters will no longer be based in Miami, but the company says it will maintain operations here.

See Also

• Burger King's move to Canada leaves bad taste with customers
• It's good to be King
• Burger King franchisee says merger changes nothing about his business

Shares of Restaurant Brands International will be traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol QSR.

The Canadian Government approved the deal last week and the merger is still subject to approval by the Ontario Superior Court of Justice. The hearing for the final order to approve the deal is Thursday. The transaction is expected to be completed on Dec. 12.