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updated: 8/29/2014 6:26 PM

Buffett's Burger King financing includes warrant for 1.75% stake

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  • A Tim Hortons restaurant on W. 26th Street in Millcreek Township, Pa. Burger King struck an $11 billion deal to buy Tim Hortons that would create the world's third largest fast-food company and could make the Canadian coffee-and-doughnut chain more of a household name around the world.

    A Tim Hortons restaurant on W. 26th Street in Millcreek Township, Pa. Burger King struck an $11 billion deal to buy Tim Hortons that would create the world's third largest fast-food company and could make the Canadian coffee-and-doughnut chain more of a household name around the world.
    Associated Press

 
Bloomberg News

Buffett's company received the warrant to buy common shares and agreed to purchase 30,000 preferred shares as part of the deal, Miami-based Burger King said today in a regulatory filing. The perpetual preferred securities pay a 9 percent coupon. Burger King didn't specify how many common shares Berkshire has the right to purchase.

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