Here she is. The Competition Bureau has officially announced that it approved Burger King’s acquisition of Tim Hortons.
According to the Bureau stated, “that this transaction is unlikely to result in a substantial lessening or prevention of competition due to, among other things, the existence of a large number of competitors and the low barriers to entry in the fast food industry.”
While the transaction is subject to other regulatory approvals, the combined assets of both companies are over $23 billion in sales and has over 18,000 restaurants in 100 Countries. As previously reported, Burger King and Tim Hortons will operate independently of each other and leverage its “global scale and reach, and shared best practices.”