Restaurant Brands International Inc, owner of the Burger King and Tim Hortons fast-food chains, said on Tuesday it would acquire Popeyes Louisiana Kitchen for $1.8 billion in cash.
McDonald's Corp reported better-than-expected quarterly same-restaurant sales as the launch of all-day breakfasts proved to be a hit with diners in the United States and demand continued to recover
U.S. stock futures fell, with the Standard & Poor’s 500 Index poised for a third day of losses, as a government crackdown on tax-saving mergers sent drugmakers with pending cross-border deals lower.
U.S. stock futures rose, after the best week for the Standard & Poor’s 500 Index since April, as European equities climbed on prospects for increased stimulus and Burger King Worldwide Inc. rallied on merger activity.
