How Burger King Worldwide Inc (BKW)’s Acquisition of Tim Hortons Inc. (USA) (THI) Impact its Business?

In a surprise move today, Burger King Worldwide Inc (NYSE:BKW) announced that it is acquiring the Canadian Coffee-and-Doughnut shop Tim Hortons Inc. (USA) (NYSE:THI) in an $11 Billion deal and is also going to move its headquarter to Canada. While many on the Street were expecting something like this owing to the reduced pace of growth of Burger King Worldwide Inc (NYSE:BKW), most didn’t felt that the acquired company would be Tim Hortons Inc. (USA) (NYSE:THI). Gavin O’Neill, one of Burger King Worldwide Inc (NYSE:BKW)’s franchisees discussed how this move is going to impact the business of the company on CNBC, recently.

Burger King Worldwide Inc (NYSE:BKW)

O’Neill said that he can’t speak for every Burger King Worldwide Inc (NYSE:BKW) franchisee, but according to him this acquisition is not going to impact his business in a significant way. After Burger King Worldwide Inc (NYSE:BKW) announced this acquisition, Ohio Senator, Sherrod Brown, asked people to ditch Burger King Worldwide Inc (NYSE:BKW)’s outlets and rather go for other competing outlets.

When asked about this, O’Neill said that his franchise is just another small business is Ohio, similar to the other competitors. According to him anything that negatively impacts Burger King Worldwide Inc (NYSE:BKW), impacts his franchisee too in the form of reducing its ability to pay taxes and hurting the employees that work under the franchisee. O’Neill revealed that as of now he hasn’t seen the boycott declared by the senator creating any effect on the sales at his outlet.

O’Neill also made an appeal to all the loyal customers of Burger King Worldwide Inc (NYSE:BKW) on behalf of all the franchisees of Burger King Worldwide Inc (NYSE:BKW), saying that his outlet was also like any other small business in the U.S., which pays its taxes, Burger King Worldwide Inc (NYSE:BKW)’s franchisee employ hundreds of thousands of employees across the U.S. and that the franchisees are completely independent of Burger King Worldwide Inc (NYSE:BKW).

Disclosure: None

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!