Skip to comments.Burger King in Talks to Buy Tim Hortons (tax inversion cited as reason)
Posted on 08/24/2014 4:59:02 PM PDT by tellwEdited on 08/24/2014 5:07:07 PM PDT by Admin Moderator. [history]
Burger King Worldwide Inc. BKW +1.01% is in talks to buy Canadian coffee-and-doughnut chain Tim Hortons Inc., THI.T +2.79% a deal that would be structured as a so-called tax inversion and move the hamburger seller's domicile abroad, according to people familiar with the matter.
(Excerpt) Read more at online.wsj.com ...
Canada is semi- socialist, but the PM is limited. I’m not sure there are any limits on king hussein.
The BK’s around here are closed up.
I like Timmy’s. BK, not so much.
I think they are trying to prevent that from happening again.
For old time sake: ‘Bring back jobs now. Just sayin.’’
It’s a shame Horton never lived to see this: http://en.wikipedia.org/wiki/Tim_Horton
The BKs around here are closed up.......
Always seems to be a has been, a troubled business, while Tim Horton’s is a success. A strange merger
Well, K-Mart bought Sears.
Well, K-Mart bought Sears.>>>>>>
Another rousing success!
Las Vegas Steve Wynn said three years ago that doing biz with the ChiComs is easier than with the Obama administration.
Western PA and NY has seen an explosion of growth with Tim Horton’s storefronts popping up in every mildly populated town... and have been very poular with the residents. Personally, I’m not a fan of Timmay’s coffee but all summer long they have had any size iced tea for $1.00... which works for me... Saturdays and Sundays when I am hard tasking outside or in the shop on the farm and need to take a break and head into town to the hardware store or feedmill, I hit Timmay’s and get my $2.12 worth of real, unsweetened iced tea.
We kinda like Timmy’s coffee, especially when we splurge and get a double-double.
That’s kind of a weird story. You don’t need to merge two companies to invert. That must just be one of the incentives.
Are they going to bring out a line of gay donuts to go with their rainbow burger?
Many moons ago a group of friends were planning a picnic. One of the guys that worked at BK smuggled some patties out. They were paper thin and turned to mush on the charcoal grill, pretty much inedible sludge. Don’t imagine they’ve improved any.
It’s not Timmy’s coffee, it’s Timmys coffee. They are prohibited from using the apostrophe in their advertising or logos. No joke. That’s why it’s called Tim Hortons and not Tim Horton’s.
Tim Horton's has some healthy and fresher food choices. How long will it take BK to trash them?
Y’all gotta understand: Tim Hortons is to Canada what Starbucks is to USA, just more so. Tim’s is darned near a religion.
Tax inversion? Mullah Baraq will be quite “disappointed” by these “folks’” “inappropriate behavior.” Next he’ll sic Holder on ‘em.....
I hoping BK is using Timmy’s as a shell to cover them and escape tax liability. I don’t want a true merger. BK would serve some crappy timbits.
Tim Hortons has changed hands a few times in recent years. They were owned by Wendy’s not too long ago.
It's true. Ask any Canadian for directions and they will use Timmys as a reference point.
Our youth pastor is from Kincardine; that small town actually has TWO Timmys. I asked him is the reason was that there's the one you go to, and the one you don't go near. Yes, it's a religion.
Tim Horton’s coffee just tastes weird to me... bitter... burnt. I dunno what it is, but to me, good coffee is 8 O’clock whole bean Dark Italian Roast... I love that stuff.
Tim Hortons thriving after split with Wendy’s
Yum! Brands Inc. (NYSE: YUM) is the world’s largest fast food company with 35,000 restaurants in over 110 countries. Yum restaurants include KFC, Pizza Hut, Taco Bell, Long John Silvers (LJS), A&W, Pasta Bravo, Wing Street, and East Dawning. KFC, Pizza Hut, Taco Bell, and LJS are the world leaders in their respective categories. There are three operating regions as well: the US, China, and International. Yum is part of the Quick Service Restaurant (QSR) industry primarily competing with McDonald’s (MCD), Domino’s Pizza (DPZ), and Burger King Holdings (BKC).
Timmy’s is not very good. Good coffee and donuts. The rest, not very good. But Wow, they are on almost every other corner. Good for them.
I like Tim Horton’s..
its the 1st place I stop when I go to Canada..
BK will ruin the company...
Great, now they’re going to ruin Tim Horton’s.
“good coffee is 8 Oclock whole bean Dark Italian Roast”
8 O’clock coffee is consistently excellent across their entire line of whole bean and ground coffees.
I need to go out and do some price shopping compared to the fresh roasted coffee beans I purchase at http://www.coffeebeandirect.com/
We still have a few in my area, but several closed.
When I used to do all the household grocery shopping, Coffee purchases were always made only when A&P had a sale (which I did not regularly shop at other than to browse their "past prime" produce... which my regular grocer did not have.)
A&P was good for having a buy one get one free sale on 8 O'clock Coffee, and I would often go on the second to last day of the sale and find the Dark Italian Roast inventory was nearly wiped out, but not completely.
I would take whatever they had left on the shelf (these were the large bags) lock in the sale price on the BOGO sale with rainchecks... and when I would return have previous checkout coupons stacked up.
I wish I could remember the unit price I would be knocked down to... I don't believe 8 O'C sells the Whole Bean Dark Italian Roast in large bags anymore... There are no A&Ps near where I now live.
Oh, and incidentally, my brother buys coffee from coffeebeandirect too, I never have... Hunterdon County is where we grew up.
I have not eaten there in years.
Tim Horton's is good stuff. Try their oatmeal with cinnamon or apple crisp topping.
Obama be killin America...one Burger King at a time.
Horton’s in Canada seems quite different than Horton’s in the US, which, at least a few years ago, seemed to be trying to out-Starbucks Starbucks.
I liked being able to get gravy on my fries at 2am when I lived in Toronto.
And Boston had Dunkies for directions.
It was to inoculate themselves from criticism for leaving the country to avoid onerous taxes as the Preezy is wont to do.
A handful of years ago Jon Stossel did an expose on business in China vs. the U.S.; bottom line, he had a business license and was actively selling widgets “legally” within 24 hours. The comparative piece within the U.S. was a horror show and I don’t recall if he ever got the widget company to sell anything.
Will the last business to leave the U.S. please turn out the lights.
My favorite fast foods are two, Wendy’s and Subway.
Could care less about either Mc D’s or BK.
The problem with BK is that it was caught in the middle between the two big sucessful fast foods: McD’s and Wendys. The former because it is a legendary fast food company and the latter because of the quality of its fast food. BK kinda was very, very conflicted in itself.
Dem Senator (Sherrod Brown, D-Ohio) Calls For Boycott Of Burger King, Tells Consumers To Eat At Wendys, White Castle
NEW YORK (CBS Cleveland/AP) Burger King says it struck a deal to buy Tim Hortons Inc. for about $11 billion, a move that would give the fast-food company a stronger foothold in the coffee and breakfast market.
The corporate headquarters of the new company will be in Canada, which stands to help lower Burger Kings corporate taxes. Such tax inversions have been criticized by President Barack Obama and Congress because they mean a loss of revenue for the U.S. government. Burger King and Tim Hortons said the chains will continue to be run independently and that Burger King will still operate out of Miami.
The deal would create the worlds third largest fast-food company with about $23 billion in sales and more than 18,000 locations, the companies said.
The comments are 99% pro BK anti Dem/taxes/brown.
When will Dem’s figure out that corporations don’t pay taxes, their customers pay them? This move makes BK more profitable, lower corporate taxes and their product prices will not decrease, smart move BK.