It’s official: Burger King & Tim Hortons are now one

The merger of Burger King and Tim Hortons was consummated yesterday when a majority of Hortons shareholders voted to combine the two franchisors into a new company, Restaurant Brands International.

Daniel Schwarz, previously CEO of Burger King Worldwide, has assumed the same post at the new company. Marc Caira, the head of Hortons, remains president and CEO of that business.

The newly minted corporation has 18,000 restaurants operating in 100 countries, with a concentration in North America. It will be based in Canada.

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