Burger King Spends $1.8 Billion Eating Up The Fried Chicken Business
February 23, 2017
The Ontario-based company, which already owns Burger King and Tim Hortons, will scoop up Popeyes stock at $79 per share. Delays with Tim Horton could signal slower progress for Popeyes as well. The chain now has more that 2,600 outlets, mainly in the US. Andrew Charles, a Cowen analyst, wrote in a research note last week. "The result is a transaction that delivers immediate and certain value to the Popeyes shareholders", Popeyes CEO Cheryl Bachelder said in the press release . (more...)
Kraft Heinz withdraws bid to buy Unilever
February 22, 2017
European stocks have risen, with gains in telecoms and banks offsetting a big fall in Unilever , while uncertainty over political developments. Both companies have confirmed that this decision was reached recently. Kraft Heinz is the No. 5 player. Brent Crude was $56.15 a barrel, and the pound rebounded up to $1.25. - Restaurant Brands on February 21 said it reached an agreement to acquire Popeyes Louisiana Kitchen for $79 a share in cash, or $1.8 billion. (more...)
Why to Keeping Eye on Emerson Electric Co. (EMR), US Bancorp (USB)?
February 20, 2017
American Electric Power Company has a consensus rating of "Hold" and an average price target of $69.95. POR has been the topic of several recent research reports. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of USA and global trademark and copyright laws. (more...)
Tamil Nadu Assembly secretary told to give report to CH Vidyasagar Rao
February 20, 2017
Sasikala, received the support of 122 legislators in the 234-member assembly - more than the 117 votes needed. Tamil Nadu's opposition party, the DMK, will vote against chief minister E Palaniswami's government in tomorrow's (February 17) trust vote, the party's working president MK Stalin said. (more...)
South Carolina Man Planned Shooting 'In The Spirit Of Dylann Roof'
February 19, 2017
Appearing before a federal magistrate court on Thursday, Mr McDowell was charged for a violation of "possessing of a firearm and ammunition by a prohibited person". Additionally, McDowell said he would like hollow-point ammunition for the gun. McDowell told the officer he had not decided on a place or time to conduct the attack, but he apparently wanted to carry out the attack outside Horry County. (more...)