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Summary Box: Burger King agrees to $3.26B buyout

Source : AP
Last Updated: Fri, Sep 03, 2010 01:10 hrs

: Burger King Holdings Inc. is selling itself to investment firm 3G Capital in a deal valued at $3.26 billion.

THE UPSHOT: Being acquired by an owner with deep pockets could give Burger King some financial breathing room to refresh its restaurants and expand internationally after years of playing follow-the-leader with McDonald's.

THE BUYER: 3G Capital owns stakes in brewer Anheuser-Busch InBev; Lojas Americanas, a major retailer in Latin America; and America Latina Logistica, the largest railroad and logistics company in Latin America.

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