Diageo’s Burger King Sale Clears Review
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Reuters
Britain’s Diageo said its plan to sell the world’s No. 2 hamburger chain, Burger King, for $2.26 billion in cash to a private equity consortium has cleared U.S. antitrust review.
Diageo is selling the underperforming fast-food chain to Texas Pacific Group, Bain Capital and Goldman Sachs Capital Partners.
Diageo wants to focus on expanding its drinks brands, which already include Smirnoff vodka, Johnnie Walker scotch and Guinness beer.
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