Berkshire To Convert Burger King/Tim Horton’s Warrants on December 12Guest Post
When Burger King’s (BKW) acquisition of Tim Horton’s (THI) closes on December 12, Berkshire Hathaway (BRK.A, BRK.B) will purchase $3 billion of 9% preferred shares and receive a warrant to purchase 1.75% of the common shares of the combined company at an exercise price of $0.01 per common share. Berkshire has informed Burger King that it intends to exercise the warrant promptly . . .
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