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This is an archive article published on September 2, 2010

‘Burger King buyout seen at $24/share’

Shares in Burger King,the No. 2 US hamburger chain,surged 23 per cent after the report.

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A buyout deal for Burger King Holdings Inc by investment firm 3G Capital is being valued at $24 per share,or about $4 billion,cable business channel ‘CNBC’ reported on Thursday.

Shares in Burger King,the No. 2 US hamburger chain,surged 23 per cent to $23.20 after the report.

A source briefed on the matter said on Wednesday that Burger King was discussing a sale with 3G.

Burger King and 3G officials were not immediately available for comment.

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