Feb. 21 (UPI) -- The parent company of Burger King restaurants and Tim Hortons coffee shops announced its acquisition of Popeyes Louisiana Kitchen Inc. on Tuesday.
Restaurant Brands International Inc., headquartered in Oakville, Ontario, said it will acquire Popeyes, an Atlanta-based company with a menu of Southern-inspired cuisine featuring chicken and seafood. RBI will buy Popeyes for $1.8 billion in cash, or $79 per share. Popeyes has 2,600 restaurants in the United States and in 25 other countries, and will join RBI's existing 20,000 restaurants in 100 countries.