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Burger King in talks to buy Tim Hortons, move headquarters to Canada
Burger King in talks to buy Tim Hortons, move headquarters to Canada

Burger King Worldwide Inc. is looking north to expand, launching acquisition talks with Canadian coffee-and-doughnut chain Tim Hortons Inc. and rekindling the political debate over offshore tax shifting. Stock in both companies soared Monday after they confirmed the discussions, which could create the world's third-largest fast-food chain. Burger King shares jumped $5.29, or 19.5%, to $32.40. Tim Hortons shares rose $11.88, or 18.9%, to $74.72. Any deal to set up headquarters in Canada would represent one of the largest and highest-profile transactions to involve so-called tax inversions, in which a U.S. company buys a foreign firm and moves its headquarters to a lower-tax country....

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