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Burger King goes public again

from The Wall Street Journal

Burger King Holdings Inc. is to become a public company again through a complex deal with an investment fund co-owned by William Ackman. Justice Holdings Ltd., a U.K.-listed investment vehicle, will take a 29 percent stake in the hamburger restaurant chain and pay Burger King's current owner, 3G Capital Management, $1.4 billion in cash, the parties said. In the process, Justice Holdings will cease to list as an independent company. (Subscription required.) more


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