Burger King Up on Talks With Tim Hortons; S&P 500 Finishes Just Shy of 2000

The S&P 500 finished at yet another record high, but ended the day just shy of 2000 at 1997.92. The S&P 500 did however trade above 2000 for the first time ever during part of the day. Burger King's (BKW) shares were up as high as 23% during the trading today on talks of merging with Canadian restaurant chain Tim Hortons. If the merger were to be finalized, Burger King could move their corporate headquarters to Canada and minimize its U.S. tax bill. This merger would also create the world's third largest fast food company.

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Published on Aug 25, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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