The down-and-dirty of the dealings between Burger King and Tim Horton’s is described in a so-called “takeover circular” released today. It forms the basis of news stories this Tuesday, September 16, 2014. The adventure began with Burger King getting Warren Buffett on side for the proposal and a primary offer of $73 a share for Timmy’s. We don’t know if ‘Tim’s management scoffed at that but it wasn’t nearly enough. Two more offers followed and they were both turned down. The winning offer was $88 and change share. Financial Post
