Burger King sells $1.4-billion stake to Ackman

New York City : NY : USA | Apr 04, 2012 at 5:55 AM PDT

Source: The Globe & Mail

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Burger King , the U.S. restaurant chain, will sell a 29-per-cent stake to Justice Holdings, a UK investment vehicle, which plans to take the company public again. Justice, which was founded by the activist investor Bill Ackman, will pay $1.4-billion in cash to 3G Capital, which took Burger King private... FULL ARTICLE AT The Globe & Mail

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