Baffling Burger King Sale: a $4 Billion Boost for Miami?

Submitted by Nancy Smith on November 15, 2010 - 2:14pm

How will Burger King expand and what will its impending over-the-top sale mean for Miami?

Nearing completion is investment firm 3G Capital's buyout of the world's No. 2 fast food chain. Behind 3G is Brazilian billionaire Jorge Paulo Lemann. He bought the company lock, stock and barrel for $24 a share -- that's 46 percent more than the stock's trading price, and it amounts to a $4 billion deal overall.

Lemann has said 3G won't be moving Burger King headquarters or its 600 employees out of Miami.

According to the story Monday in Florida Trend, some speculate 3G's investment will bring the-sky's-the-limit capital to expand and improve the chain; others believe the company could pull back on its community involvement.

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