Canada sees Burger King/Tim Hortons decision before Christmas

Fri Nov 21, 2014 2:34pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

VANCOUVER Nov 21 (Reuters) - The Canadian government will decide before Dec. 25 on whether to approve the takeover by U.S.-based Burger King Worldwide Inc of Canada's iconic coffee-and-donut Tim Hortons Inc, Industry Minister James Moore said on Friday.

"Soon, soon," the minister said, when asked by Reuters when a decision could be expected. "Before Christmas," he added.

Canada's Competition Bureau had last month already given its stamp of approval to the C$12.64 billion ($11.25 billion) deal . Moore has to decide on whether the foreign takeover is of net benefit to Canada.

(Reporting by Julie Gordon; Writing by Randall Palmer; Editing by Chizu Nomiyama)