Burger King sold for €3.15bn

New York: Burger King has agreed to be acquired by 3G Capital in a deal valued at $4 billion (€3.15bn) including debt, giving the New York investment firm control over the second-largest US hamburger chain.

The $24-a-share price is 46% more than Burger King’s $16.45 close on Tuesday, before reports of a deal surfaced.

Under the terms of the agreement, Burger King can solicit superior bids until October 12.