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Wednesday, February 22, 2017

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

The company that owns Burger King added to its fast-food empire, announcing Tuesday that it had reached 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 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, and about 97% are franchises.

Restaurant Brands said it would seek to "continue developing the brand at an increasing pace" in the U.S. and foreign markets.

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8 comments:

  1. AnonymousFebruary 22, 2017 at 7:51 PM

    Love that chicken from pop-eyes!

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  2. AnonymousFebruary 22, 2017 at 8:27 PM

    Is it going to be Prince Popeyes now?

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  3. AnonymousFebruary 22, 2017 at 8:38 PM

    Not a booger king fan, the stores around here all suck. I hope Popeye's survives this...

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  4. AnonymousFebruary 22, 2017 at 9:25 PM

    The new Burger King off Civic Ave is fantastic....great service and clean! The one by Lowes....not so much, it needs a remodeling!

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  5. AnonymousFebruary 22, 2017 at 9:47 PM

    Popeye's chicken is the best since English's closed.

    ReplyDelete
  6. AnonymousFebruary 23, 2017 at 5:41 AM

    The Lowe's location does need updating but the staff is usually very good. I visit often.

    ReplyDelete
  7. AnonymousFebruary 23, 2017 at 8:24 AM

    Popeye's CRUSHES Fake KFC!

    ReplyDelete
  8. AnonymousFebruary 23, 2017 at 10:37 AM

    I just got some yesterday as a yearly thing. The taste has changed with the recipe since last year, and not for the better.

    ReplyDelete

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