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August 26, 2014 AT 8:00 AM
Aug. 26 (Bloomberg) -- Burger King agreed to acquire Tim Hortons in a $11.4 billion cash-and-share deal and move its headquarters to Canada, enabling the second-largest U.S. burger chain relocate to a lower-tax country. Scarlet Fu reports. BNP Paribas Official Institutions Coverage Head Tim Bitsberger also speaks on Bloomberg Surveillance. (Source: Bloomberg)