Buffett’s firm gets 9% interest, stock in Burger King-Hortons deal

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OMAHA, Neb. — No matter how successful Burger King’s acquisition of Canadian fast food chain Tim Hortons is, Warren Buffett’s company will profit on the deal.

Documents filed with regulators Tuesday detail what Berkshire Hathaway will receive for putting up $3 billion to help finance the $11 billion deal.

Berkshire will receive 9 percent interest on the $3 billion and warrants for 8.4 million shares in the new company.

Berkshire’s penny warrants represent 1.75 percent of the combined company’s stock.

The terms of this deal are similar to several investments Buffett made to bolster banks and companies, like GE, during the financial crisis.

This is the second time Berkshire has worked with 3G Capital, which controls Miami-based Burger King. Last year, Berkshire and 3G teamed up to buy H.J. Heinz for $23.3 billion.


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