Berkshire Hathaway Owns 4.18% of Restaurant Brands International and Controls 14.37% of its Voting Shares

In a Berkshire Hathaway (BRK.A, BRK.B) news release dated December 12, 2014, “Berkshire Hathaway Completes Investment in Restaurant Brands International Inc.”, Berkshire revealed that it currently owns 4.18% of the common shares of Restaurant Brands International (QSR), and it controls 14.37% of the total number of votes attached to all outstanding voting shares of the Corporation.

Upon the closing of the Burger King (BKW) acquisition of Tim Horton’s (THI) on December 12, 2014, Berkshire purchased, for a total of $3 billion, a 9% perpetual voting preferred stock and exercised a warrant to purchase 8,438,225 common shares at the exercise price of $0.01 per share (at a cost of $84,382.25). ┬áThe exercise of this warrant represented 1.75% of the common shares of the merged firm.

This is discussed in a Bloomberg article on this topic:

http://www.bloomberg.com/news/2014-12-15/berkshire-to-hold-larger-stake-in-burger-king-tim-hortons-parent.html?cmpid=yhoo

 

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