Timmy's is buying Popeye's, no word on what Olive thinks
The parent company of Tim Hortons and Burger King says it will pay US$1.8 billion cash to buy the Popeyes chain of chicken restaurants in a friendly deal.
Restaurant Brands International is offering US$79 per share of Popeyes, best known for its Louisiana-style fried chicken.
The proposed takeover requires various approvals and sufficient shareholder support but Restaurant Brands International expects the deal to close by early April.
Restaurant Brands International has more than 20,000 restaurants in more than 100 countries.
Popeyes would add 2,600 restaurants in the United States and other countries including Canada.
Larry, Tom McConnell, Betty Lou Souter, and the gang announce this year's totals and hand out a big thank you.
Larry talks with the St. Catharines Standard reporter who broke this story.