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Tim Hortons Inc.
Burger King, Tim Horton shares spike amid merger talks
Burger King, Tim Horton shares spike amid merger talks

Shares of Canadian coffee and doughnut chain Tim Hortons Inc and U.S. fast-food company Burger King Worldwide Inc jumped on Monday after news that they are in merger talks that investors and analysts said were spurred in part by Canada's attractive tax policies. The companies, whose market values are comparable in size, confirmed late on Sunday that they were discussing a takeover of Tim Hortons by Burger King. They said the new entity would be based in Canada, which has a lower corporate tax rate than the United States, especially for entities with large amounts of earnings from overseas. Investors and analysts cheered the possible deal, saying it has many benefits for both...

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