Hard to digest this Burger News

Burger King Returns to the Market: Flip, Rinse, Repeat - Businessweek: "Burger King’s recent history of new ownership, sale, new ownership, sale has that patty-flipping metaphor stamped all over it. Now, merely 18 months after the venerable Home of the Whopper was sold to buyout shop 3G Capital, it is again returning to a stock market listing by taking over the ticker of Justice Holdings, a special purpose acquisition company owned by famed activist investor William Ackman.

Financed by a gaggle of Brazilian billionaires, 3G will get $1.4 billion in cash to transfer Burger King to Ackman’s Justice Holdings, which will own 29 percent of the chain. Burger King’s entire equity value will be about $4.8 billion, and the buyout shop will hold on to a 71 percent stake. There are more than 12,500 Burger Kings around the planet—90 percent of which are franchised."

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