The King wants his crown back: Fast-food chain Burger King is continuing its reinvention by planning to go public – again.
Within the next three months, the hamburger giant said it will re-list its shares on the New York Stock Exchange. The last time Burger King traded publicly was from 2006 to 2010, when investment firm 3G Capital took it over for a whopping $3.3 billion and turned it private.
In a bit of a convoluted deal, 3G said late Tuesday that it is selling a 29% stake in the Miami-based restaurant to London-based acquisition company Justice Holdings.
The $1.4-billion deal will cause Justice’s shares to switch from the London Stock Exchange to New York,...