Canada competition regulator clears Burger King, Tim Hortons deal

Tue Oct 28, 2014 11:18am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TORONTO (Reuters) - Canada's Competition Bureau said on Tuesday it has approved Burger King Worldwide Inc's BKW.N acquisition of Canadian coffee chain Tim Hortons Inc THI.TO.

The competition watchdog said it issued a "no action letter" after concluding that the deal is unlikely to substantially lessen competition. It noted that the deal is subject to other regulatory approvals.

(Reporting by Allison Martell; Editing by Jeffrey Benkoe)

 
A Burger King burger is seen in this picture illustration taken at the fast food restaurant chain's branch in Hanau, August 29, 2014. REUTERS/Kai Pfaffenbach