Burger King owner to buy Popeye’s for $1.8B

Burger King owner to buy Popeye's for $1.8B

The company that owns Burger King added to its fast-food empire with a deal to acquire chicken chain Popeyes for $1.8 billion. Restaurant Brands International, which owns Burger King and coffee-shop chain Tim Hortons, said Tuesday that it had agreed to purchase the rapidly growing company formally known as Popeyes Louisiana Kitchen for $79 per share. Popeyes has more than 2,600 locations, about double what it had in 2008. Some 97% are franchises.

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