Canada Gives The Union Of Burger King & Tim Hortons Its Blessing

Burger King has been itching to go down the aisle with Tim Hortons for months, and now that the coffee chain’s motherland has given the okay, it’s one step closer to wedded bliss. Canada has officially given its approval of Burger King’s bid to buy Tim Hortons. No word on whether it’s likely to cry during its toast at the reception.

Burger King is offering up $11 billion to procure the doughnut restaurant Tim Hortons, which will make it the third-largest fast-food restaurant chain when the deal is complete, reports the Wall Street Journal.

While some critics pointed fingers at Burger King, saying the company was just trying to take advantage of a new Canadian headquarters for tax purposes, Canada’s government said the deal will be good for the economy.

“Our government is pleased to see companies like Burger King investing in Canada’s economy and looking to benefit from our low taxes and open markets,” said Canadian Industry Minister James Moore in a statement.

Burger King executives have vowed to keep Tim Hortons its own distinct brand, without any kind of Tim King or Burger Hortons situations going on.

Canada Approves Burger King’s Deal to Buy Tim Hortons [Wall Street Journal]