Restaurant Brands International Inc, the Canadian fast food company that owns Burger King and Tim Horton's, announced on Tuesday that it will buy Popeye's Louisiana Kitchen for $1.8 billion.
Popeye's shareholders will each receive $79 per share.
On Monday, it was reported that Restaurant Brands was close to a deal with Popeye's. Restaurant Brands International wants to use their chains to introduce Popeye's food to more consumers around the globe.
Source: reuters.com
