Burger King Holdings Inc shares are climbing after a published report says the fast food chain is discussing a possible sale of the company with private-equity firms.
The Wall Street Journal didn’t name its sources in the article. But the newspaper says talks have taken place over recent weeks.
Still, the status of any deal is unclear. The report says one of the interested firms was British private-equity firm 3i Group PLC. Calls and e-mails to Burger King and 3i Group weren’t immediately returned.
Burger King is the second-largest hamburger chain after McDonald’s Corp. But it’s faring worse than its rival in a weak economy.
Burger King shares rose more than 17 per cent in pre-market trading on Wednesday.
Source : HT
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