Burger King Owner Reportedly In Advanced Talks To Buy Popeyes Louisiana Kitchen

(RTTNews) - Restaurant Brands International Inc. (QSR), the owner of Burger King, is in advanced talks with Popeyes Louisiana Kitchen Inc. about a takeover of the fried-chicken chain, according to reports citing people familiar with the matter.

The reports noted that negotiations between the companies are ongoing, and a transaction could be announced as early as this week. But, Talks could still fall apart. Popeyes has a market value of about $1.37 billion, while Restaurant Brands is worth $25 billion.

Accoring to reports, The companies held talks in the summer but were unable to reach an agreement at the time, the people said. Burger King renewed its interest in Popeyes late last week and made an offer that was mainly cash. The fried-chicken chain then contacted possible counter bidders over the weekend, however no competitive offer materialized.