Recently Burger King paid up for the biggest coffee shop in Canada, 11.4billion.
when it happened heard on CNBC they talked about Burger King doing the deal, and how Wendys failed to bring to the US and it did not work out.
that is basically BS and gives the impression that the wendys tim hortons deal was failure, so much for a few minutes.
Wendys paid $400 million in 1995 for Tim Hortons, they invested in the brand and they expanded the franchises,
in 2005 spun off (under pressure from hedge fund manager Nelson Peltz) 18% in an IPO for $671 milion. priced at $27 cdn. $23.162 US per share.
Wendys made billions off of Tim Hortons and it could be argued that Nelson got it wrong, Tim hortons got taken out at $90 a share or 11.4 billion. Wendys quickly spun off the rest and then announce a new breakfast menu....what...
As for Burger King int. growth looks good but sales in the US have been flat, so if you can buy a chain growing at 9% plus and finance with debt, well go for it.
you already 12.5billion in debt what is another 7.25 billion +++, actually a little scray. but burger king traded at a higher valuation, not sure why, so it makes sense.
hope it works out, just a lost opportunity especially for Wendys.
thanks
selkirk
when it happened heard on CNBC they talked about Burger King doing the deal, and how Wendys failed to bring to the US and it did not work out.
that is basically BS and gives the impression that the wendys tim hortons deal was failure, so much for a few minutes.
Wendys paid $400 million in 1995 for Tim Hortons, they invested in the brand and they expanded the franchises,
in 2005 spun off (under pressure from hedge fund manager Nelson Peltz) 18% in an IPO for $671 milion. priced at $27 cdn. $23.162 US per share.
Wendys made billions off of Tim Hortons and it could be argued that Nelson got it wrong, Tim hortons got taken out at $90 a share or 11.4 billion. Wendys quickly spun off the rest and then announce a new breakfast menu....what...
As for Burger King int. growth looks good but sales in the US have been flat, so if you can buy a chain growing at 9% plus and finance with debt, well go for it.
you already 12.5billion in debt what is another 7.25 billion +++, actually a little scray. but burger king traded at a higher valuation, not sure why, so it makes sense.
hope it works out, just a lost opportunity especially for Wendys.
thanks
selkirk