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Submission + - Burger King Announces Possible Move to Canada, Eh? ( 1

retroworks writes: The announced merger discussions of Burger King and Canadian Burger-Coffee Chain Tim Hortons sets the stage for an "inverse acquisition", where the smaller company winds up the HQ. This tactic has long been used in domestic markets (waste giants BFI and Waste Management both had inverse mergers with smaller waste hauling firms more than a decade ago).

The spin on the Burger King — Tim Horton's deal is that it would allow Burger King itself to move to Canada, where corporate taxes are lower. Similar "big pharma" deals are cited in the WSJ coverage of the BK-TH deal. WSJ notes that since 2010, Burger King has been owned by a Brazilian company, 3G Capital Management, which took BK stock private, and purchased Heinz (the ketchup chain) and Anheiser Busch... so making an example out of Burger King could put Obama (who has publicly professed a willingness to "take action" on inverse mergers and expatriation) could take the USA out of the frying pan and into the flame broiler. WSJ

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Burger King Announces Possible Move to Canada, Eh?

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