MIAMI, Aug. 26 (UPI) -- Burger King confirmed Tuesday it will purchase Canadian coffee shop chain Tim Hortons in an $11 billion deal.
The acquisition by 3G Capital, Burger King's owner, will create the world's third largest fast food chain. Burger King's headquarters will remain in Miami, and that of Tim Hortons, which has coffee and doughnut shops throughout Canada and the northeastern United States, is in Oakville, Ontario, a suburb of Toronto.