date:Aug 26, 2014
will continue to own the majority of the shares in the new combined entity on a pro forma basis, with the remainder held by existing shareholders of Tim Hortons and Burger King.
3G, a New York-based investment firm with Brazilian roots, acquired the then struggling Burger King in 2010 for about $3.3 billion. It later took the company back to market in 2012 but still owns nearly 70 percent of the firm's shares, according to Thomson Reuters data.
Tim Hortons and Burger King are set to operate a