Democratic Sen. Ron Wyden says some conservatives believe the recent wave of inversions hurts Congress' ability to revamp the tax code.» Read More
TORONTO, Aug 26- Canada will evaluate Burger King Worldwide Inc's proposed C $12.64 billion bid for Tim Hortons Inc to determine whether it would provide a net benefit to the country, Finance Minister Joe Oliver said on Tuesday.
Rep. Bill Pascrell (D-N.J.), discusses if Burger King's acquisition of Canada's Tim Hortons will draw scrutiny from U.S. lawmakers opposed to tax inversion deals.
The $11 billion merger of the burger joint and doughnut shop needs to be put in context, says CNBC's Jim Cramer.
TORONTO, Aug 26- Burger King Worldwide Inc announced plans to buy Canadian coffee and doughnut chain Tim Hortons Inc for C $12.64 billion in a cash-and-stock deal that would create the world's third-largest fast-food restaurant group.
Burger King Worldwide confirmed plans to acquire Tim Hortons, with billionaire Warren Buffett helping to finance the deal.
Wall Street was seen opening flat on Tuesday, with Dow futures marginally higher and S&P 500 futures slightly lower.
Aug 26- Burger King Worldwide Inc agreed to buy Canadian coffee and doughnut chain Tim Hortons Inc in cash and stock to create the third-largest quick service restaurant group with sales of about $23 billion.
Some of the names on the move ahead of the open.
The "Squawk Box" news team discusses terms of the deal between Burger King and Canada's Tim Hortons.
The "Squawk Box" news team discusses details of the pending merger between Burger King and Tim Horton, including Warren Buffett's role in the deal.
Aug 25- Berkshire Hathaway Inc chairman and CEO, Warren Buffett, is helping finance Burger King Worldwide Inc's take over of Canadian chain Tim Hortons Inc, the Wall Street Journal reported, citing people familiar with the matter.
Bankers and lawyers providing takeover advice said on Monday that Burger King Worldwide Inc's intention to move its tax domicile overseas through a so-called inversion deal- in this case the purchase of Canada's Tim Hortons- shouldn't be seen as a sign of a lot more deals to come.
TORONTO, Aug 25- Investors in Burger King Worldwide Inc and Tim Hortons Inc applauded news of a potential merger between the two fast food chains, seeing both tax savings and strategic rationale for a combination.
Check out which companies are making headlines after the bell Monday: Amazon.com, Digital Ally & more
Stocks rose on Monday as investors welcomed M&A and looked to the European Central Bank for further monetary easing moves.
NEW YORK, Aug 25- The S&P 500 was unable to hold the 2,000 mark after moving above the milestone level for the first time on Monday, but still managed to close at a record high, buoyed by financials and biotechnology stocks.
Daniel Mitchell, The Cato Institute, discusses if Burger King's potential purchase of Tim Hortons will open the floodgates for more tax inversions of U.S. companies.
CNBC's Sara Eisen reports Burger King is in talks to buy Tim Hortons.
Shares of Tim Hortons surged on news that Burger King may buy it. The Canadian company's stock may yet have room to run.
NEW YORK, Aug 25- The S&P 500 briefly hurdled above 2,000 for the first time on Monday, with financials and biotechnology stocks lifting the benchmark index to a record as investors make equities their asset of choice.