After a two-year absence, Burger King Worldwide
Inc. is to return to the New York Stock Exchange on Wednesday,
following a merger with a subsidiary of Justice Holdings Ltd.
The ticker symbol for McDonald's arch rival is BKW. Investment firm 3G Capital, Burger King Worldwide's main stockholder, received $1.4 billion in cash and remains the majority shareholder with a 71 percent stake, according to a company statement.
In October 2010, the world's second-largest fast-food chain was taken private by 3G Capital for $4 billion.
In April, the Burger King owners struck a deal with British investment firm Justice Holdings, a listed company on the London Stock Exchange, which bought 29 per cent of the franchise.
After the purchase, Justice Holdings delisted from the London Stock Exchange in order to relaunch Burger King on the New York Stock Exchange.
Founded in 1954, Miami-based Burger King operates in more than 12,500 locations in 82 countries.
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