Tim Horton’s, Burger King, Fort MacMurray

Tim Horton’s is a coffee shop that is Canadian, but the chain will soon be bought out by Burger King. What does this mean for fort MacMurray residents though? Will the residents of the area still be able to get their favorite cup of joe at their beloved coffee shop or will all of the Tim Horton’s locations be converted to Burger King instead? The deal involves both cash and the transfer of stock, and it will create the third largest group related to fast food restaurants. Once both companies announced that they were in negotiations the stock of Tim Horton’s and Burger King rose. Those who hold shares in Tim Horton’s will receive cash for their shares plus they will receive a portion of shares from the merger as well.

Fort MacMurray is a community that enjoys coffee, and the acquisition of Tim Horton’s by Burger King may upset some who really enjoy the coffee menus that the coffee and doughnut chain offer. The move is expected to save money for the Burger King group as well, because acquiring Tim Horton’s will allow Burger King to move to Canada and avoid being taxed double on any profits that are earned outside of the USA. Whether Fort MacMurray residents will approve of the change and be happy with the merger or not remains to be seen. Since there is currently a Tim Horton’s in the area this change will have an impact but it is too soon to tell whether this impact will be positive or negative.