I'd Hold Off on This Burger
Yesterday, Burger King (BKW) returned to the arena of publicly traded stocks, and is now back trading on the NYSE. This marks the second return of Burger King in the past decade, and one has to wonder if the King has what it takes to make a go of it this time around. In 2002, the company was sold to a private equity consortium that included TPG and Bain Capital. Four years later, it was back trading on the NYSE. Flash forward another four years, to 2010: Burger King was then acquired by 3G Capital, a private equity firm.
It's interesting to note that, this time around, Burger King has returned not through a normal initial public offering but through a deal with Johnson Holdings. It's a special purpose acquisition vehicle --essentially a shell company with a stock listing that aims to find and merge with a privately held corporation. ...645 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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