Shares of Popeyes Louisiana Kitchen spiked more than 14 percent on Monday after
If a deal materializes, the move could help the Georgia-based Popeyes reach more global diners and boost Restaurant Brands' already strong roster of restaurants.
Popeyes intraday chart
Restaurant Brands, which owns Burger King and Tim Horton's, reported higher-than-expected earnings Monday morning as it topped same-store sales estimates and costs fell.The Oakville, Ontario-based company saw its stock rise up more than 5 percent after the Popeyes acquisition rumor.
Restaurant Brands ended the day about 4.6 percent higher, while Popeyes shares gained 7 percent on the day.
Both Restaurant Brands and Popeyes declined to comment to CNBC, saying they do not comment on market rumors.