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Burger King Has Suitors From Brazil

New York Times - Sep 1, 2010

Burgers and beer — an American meal if there ever was one — could soon have a distinctly Brazilian flavor.

Burger King Holdings is in advanced talks to sell itself to 3G Capital, a little-known investment firm backed by wealthy Brazilian deal makers who also control a large stake in the world’s largest brewer, in the latest sign of Brazil’s ascendance in the corporate world.

A deal is expected to be struck as early as Thursday morning for more than $2.7 billion, say people involved in the deal who requested anonymity. These people cautioned that it was possible that talks could still collapse.

The pursuit of such an American icon and the rich price that has been offered — a more than 20 percent premium from Burger King’s closing stock price Tuesday — illustrate the emerging power of Brazilian finance.

Read Full Article from New York Times

- Posted: 2010-09-01 21:26:05


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