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Django 09-02-2010 02:05 AM

Selling Burger King
 
Quote:

Burger King (BKC), the nation's No. 2 burger chain, is reportedly in talks with private equity firms over a possible sale.

Over the past two years, McDonald's shares are up 20%, while Burger King's have dropped 35%.

Burger King is also up against Yum Brands (YUM), which owns KFC, Pizza Hut, and Taco Bell.

Burger King is in a tough spot, which makes it seem that even a private equity group would not pay a huge premium for the company.

DailyFinance

Good luck with the sale!

TeenCat 09-02-2010 02:14 AM

i am buying it

seeandsee 09-02-2010 03:34 AM

i will buy few shares :)

ottopottomouse 09-02-2010 04:09 AM

Prefer Burger King but McDonald's have a lot more shops (1200 v. 650)

Django 09-02-2010 05:05 AM

Quote:

Originally Posted by ottopottomouse (Post 17459982)
Prefer Burger King but McDonald's have a lot more shops (1200 v. 650)

I read 36000 stores locations Macdonald and 12000 Burger King worldwide

Sly 09-02-2010 05:14 AM

Strange. I swear just yesterday I read that McDonald's was one of the few big fast food chains to lose last quarter. Of course the seven quarters prior to that could have been decent.

Burger King is probably my favorite of the fast food chains, I like their burgers and chicken sandwiches.

Chosen 09-02-2010 05:56 AM

Fuck fastfood :thefinger:thefinger:thefinger

DVTimes 09-02-2010 05:59 AM

i wonder how much it will sell for.

ottopottomouse 09-02-2010 06:29 AM

Quote:

Originally Posted by escort-service (Post 17460063)
I read 36000 stores locations Macdonald and 12000 Burger King worldwide

1200 v. 650 was for the UK. didn't look up worldwide numbers but hadn't expected it to be 3:1

gmr324 09-02-2010 06:36 AM

very surprising stats. most people I know prefer Burger King over Macs

PornAffiliate 09-02-2010 07:25 AM

hope not mcdonals buy em. the world would look to much like disneyworld then

calvinawe 09-02-2010 07:27 AM

kebab ftw

pornguy 09-02-2010 07:29 AM

The burger king here is a fucking pig sty.. But Mc Donalds just added an awesome coffee shop and new kids area..

TheDoc 09-02-2010 07:30 AM

BK's marketing completely sucks.

Stef. 09-02-2010 07:32 AM

FUCK FASTFOOD SHIT!
I only eat salad and pussies

jollyperv 09-02-2010 08:18 AM

Good, maybe the new owners can take the batter off their fucking fries now, terrible.

Django 09-02-2010 08:29 AM

Burger King's net income last fiscal quarter June, was $187 million

PM me if interested :1orglaugh

DVTimes 09-02-2010 08:29 AM

Burger King is being sold to private equity firm 3G Capital in a deal valued at $3.26bn (£2.1bn), it has been announced.

The fast food chain, with 12,100 outlets, had been the subject of takeover rumours for days.

Burger King floated on Wall Street in 2006, four years after being bought by a group of private equity firms.

The group - TPG Capital, Bain Capital and Goldman Sachs Funds - still own 31% of Burger King shares.

The deal, worth $24 a share, comes after Burger King's stock price surged more than 15% on Wednesday and opened on Thursday up 23% at $23.25.

In a statement, the companies said that the deal represented a 46% premium to Burger King's share price before news of a possible takeover surfaced.

Burger King, the second largest hamburger chain behind McDonald's, has struggled during the recession and last week forecast weak demand for the rest of the year.

Under the terms of the deal with 3G, Burger King's chairman and chief executive John Chidsey will become co-chairman of the board. Alex Behring, managing partner of US-based 3G, will be the other co-chairman.

3G will also take on Burger King's debt, valuing the deal at $4bn in total.

http://www.bbc.co.uk/news/business-11168720

poncabare 09-02-2010 09:28 AM

burger king always sucked anyways

beerptrol 09-02-2010 11:10 AM

I prefer Taco Bell, you get a free colon cleansing with each meal.

tiger 09-02-2010 11:56 AM

Burger King has always been better but that's not saying much. I won't eat anything from McDonalds no matter what.

ArsewithClass 09-02-2010 12:48 PM

Quote:

Originally Posted by ottopottomouse (Post 17460194)
1200 v. 650 was for the UK. didn't look up worldwide numbers but hadn't expected it to be 3:1

In Spain & France you hardly see a BurgerKing, yet lots of McDonalds. So its Europe where the larger gap in outlets are placed.

With the prices of the burgers at BK, you would have only thought they needed a third of the outlets for the same profits :winkwink:

John-ACWM 09-02-2010 01:03 PM

Europe is indeed full of McD's. I personally rarely go to one. The food tastes really yummy but I know it's not healthy.

Semi-Retired-Dave 09-02-2010 01:05 PM

McDonald's came up with their New Coffee and Fruit Drinks.
Also their adult menu from a few years ago.

Far-L 09-02-2010 01:34 PM

Me and Jack warned them not to go with the creepy king campaign...

woj 09-02-2010 01:42 PM

Quote:

Originally Posted by gmr324 (Post 17460211)
very surprising stats. most people I know prefer Burger King over Macs

yea, same here :thumbsup

Mutt 09-02-2010 01:46 PM

Quote:

Originally Posted by Far-L (Post 17461494)
Me and Jack warned them not to go with the creepy king campaign...

ha - honestly i think that hurt them. the king is very creepy.

Django 09-02-2010 02:02 PM

I never been in a Burger King.. it reminds me John Travolta and Samuel L. Jackson in Pulp Ficìtion :1orglaugh

amateurbfs 09-02-2010 02:13 PM

Quote:

Originally Posted by Mutt (Post 17461525)
ha - honestly i think that hurt them. the king is very creepy.

SUPER creepy.

2MuchMark 09-02-2010 02:49 PM

I like both BK and McD's. Bad for you but so what. Sometimes they really hit the spot. I'm hungry now.


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