
	London: The News
Follow the latest London news here

Burger King stock to return to NYSE today

Reported by SeattlePI.com on Wednesday, 20 June 2012 (on June 20, 2012)

Burger King stock to return to NYSE today
Associated Press
Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. ext

Updated 05:38 a.m., Wednesday, June 20, 2012

Burger King's listing on the exchange under the ticker "BKW" won't be through an initial public offering, however. 3G Capital announced an unusual deal in April to sell a minority stake to Justice Holdings, a London-based entity that was specifically set up to invest in another company. 3G Capital received $1.4 billion in exchange and retains a 71 percent stake in the company. Among Justice's founders are Bill Ackman, an activist investor and founder of Pershing Square Capital Management; Martin Franklin, founder and executive chairman of consumer products company Jarden Corp.; Alan Parker, former CEO of Whitbread PLC, the United Kingdom's largest hotel and restaurant company; and investor Nicolas Berggruen. The chain is abandoning its strategy of courting young men and going after a broader customer base of moms and families with items such as fruit smoothies and specialty salads.

Links:

Full news story

Post this:

Facebook

E-mail

Twitter

Mixx

StumbleUpon

FriendFeed

Recent related news

Proactive Investors 1 day ago	Amphora’s John Butler: Currency Market Rigging Likely Would Paint Gold’s Tape ¤ YESTERDAY IN GOLD & SILVER The gold price hit its low shortly after 9:00 a.m. in Hong Kong on...
Proactive Investors 1 day ago	Wall Street fights losses; Dow breaks into positive realm U.S. stocks pared losses on Friday, with the Dow industrials actually breaking into positive...
Proactive Investors 1 day ago	Wall Street lower ahead of long-wknd, on pace to break weekly win streak U.S. stocks were still down on Friday despite encouraging durable goods orders data, as profit-taking...
guardian.co.uk 1 day ago	Bank holiday weather promises sun, warmth … then rain Forecasters expect weekend temperatures to reach up to 17C or above, but bank holiday Monday likely...
New Statesman 3 days ago	Our big fat fear As our waistlines have grown, so has our collective prejudice against the overweight. How should we...

Proactive Investors 3 days ago	Ted Butler: Blockbuster in Gold ¤ YESTERDAY IN GOLD & SILVER After an exciting day on Monday, trading in the Far East was very...
Huffington Post 3 days ago	Richard (RJ) Eskow: What's Wrong With Jamie Dimon Is What's Wrong With America A lot of people have attacked JPMorgan Chase CEO Jamie Dimon over the years, including this author....
Zero Hedge 3 days ago	It's Central Banker Appreciation Day Today is one on those rare days in which everyone stops pretending fundamentals matter, and admits...
DailyFinance 4 days ago	When It Comes to Dimon, Here's What JPMorgan Chase Shareholders Should Be Looking At Filed under: Investing It's official, JPMorgan Chase CEO and Chairman Jamie Dimon has held...
guardian.co.uk 4 days ago	JP Morgan CEO Jamie Dimon remains the Indiana Jones of corporate America \| Heidi Moore Dimon won his battle with shareholders and remains CEO and chairman, but his ego is masking problems...