February 21, 2017 / 3:11 PM / 8 months ago

BUZZ-Restaurant Brands International Inc: Hits record high on Popeyes deal

** Burger King and Tim Hortons restaurants owner’s U.S.-listed shares rise as much as 5.8 pct to hit record-high of $57.05

** The company’s Toronto-listed shares up as much as 6.1 pct to touch a record-high of $75

** Restaurant Brands to acquire Popeyes Louisiana Kitchen for $1.8 bln in cash

** Popeyes shareholders will get $79 for each share they hold, a 19.5 percent premium to the stock’s Friday close

** Popeyes’ shares up 19.1 pct at $78.76 - their biggest pct gain in nearly 7 years

** Up to Friday’s close, Restaurant Brands’s U.S.-listed stock had risen about 61 pct, while Popeyes’ shares has risen about 9 pct in the past 12 months

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