Burger King

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Burger King franchisees drop $1 cheeseburger suit

Burger King Corp.’s U.S. franchisees agreed to dismiss a lawsuit over $1 cheeseburgers, and will gain more power to set prices for the fast food restaurant chain’s cheaper items. Get the full story »

Burger King lays off 250 in purge at headquarters

Burger King’s new owners continued their purge of headquarters Monday, dismissing a large number of workers there in an effort to catch-up with McDonald’s in the fast-food wars.

The Miami-based company announced 413 dismissals company-wide, including 261 in South Florida. Most of those jobs came from the No. 2 burger chain’s headquarters. Get the full story »

Burger King: Free coffee on Fridays in November

Burger King is looking to put some pep into its new breakfast push by giving out free cups of coffee every Friday morning this month. The goal is to promote the company’s new breakfast menu, which rolled out in September. The company launched a major marketing blitz, with the aim of eating up some of McDonald’s market-leading morning business. Get the full story »

Burger King to stick with 3G buyout offer

Burger King Holdings Inc .said it did not get any superior buyout offers during the “go-shop” period following its agreement to sell itself to investment firm 3G Capital for $3.26 billion.

The world’s second-largest hamburger chain had time until Oct. 12 to solicit a richer offer from other buyers. Get the full story »

Ex-RR executive tapped to head Burger King

Burger King’s soon-to-be new owners have named a former Latin American railroad executive to be CEO of the fast-food chain after the $3.26 billion deal goes through.

The appointment of Bernardo Hees by 3G Capital is a signal that the investment firm is serious about expanding the Burger King brand further into Latin America and elsewhere abroad. Get the full story »

Burger King adding 9 breakfast items

Burger King's new blueberry muffins. (AP/Burger King)

Burger King is introducing nine new breakfast items including blueberry biscuits and pancake platters and planning a major breakfast marketing blitz — all with an eye toward eating up some of McDonald’s morning business.

The chain said the move Tuesday is its biggest introduction of new items at one time ever. It also includes iced coffee from Seattle’s Best. Get the full story »

3G strikes $4B deal to buy Burger King

Burger King's Miami headquarters. (Joe Raedle/Getty)

Burger King Holdings Inc. confirmed that New York-based 3G Capital Management has signed a deal to buy the company for $24 a share.

The total deal, including both equity and debt, is around $4 billion and is expected to closed before the end of the year. Burger King said it may solicit better offers through mid-October. Banks are expected to finance about $2.8 billion of the total deal value. Get the full story »

Burger King in sale negotiations

Customers stop at a Burger King for lunch this week in Chicago. (Scott Olson/Getty Images)

Burger King Holdings Inc. has been in talks with private-equity firms in recent weeks about a possible sale of the second-largest hamburger chain, people familiar with the matter said.

The status of the talks is unclear but one interested firm was 3i Group PLC, a British private-equity firm, these people said. It is uncertain whether these discussions will result in a sale. Get the full story »

Burger King rolls out kids’ breakfast meals

Burger King is upping the ante on its march into the breakfast market, with national roll out of meals for kids.

The meal includes a kids breakfast sandwich, apple slices, a calcium-fortified apple juice — and a toy. It has 410 calories, 11.5 grams of fat, and 4 grams of saturated fat and conforms  to lower-fat and –calorie standards defined by the Council of Better Business Bureau’s Children’s Food and Beverage Advertising Initiative, Burger King said. Get the full story »