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What’s Bill Ackman Cooking Up at Restaurant Brands?

Fast Food

Bill Ackman revealed that he has an 18.8% stake in Restaurant Brands International, a company that is the result of the controversial merger between Burger King and Tim Hortons, as reported by BenZinga. The merger, which was partly backed by Berkshire Hathaway, was seen as a poster child for the criticized practice of tax inversion, since Burger King saved a bundle on taxes by buying Hortons and moving operations to Canada. Warren Buffett owns a 4.2% stake in the new company.

Before the merger occurred, Bill Ackman had an 11.9% stake in Burger King, and 3G has a 63.9% stake in Burger King. 3G’s stake in the new company is now 54.7%

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Bill Ackman is known for pushing to get his way as an activist investor, and was responsible for bringing Ron Johnson on as CEO of J.C. Penney, a management fail the company has still not recovered from. However, Ackman successfully convinced Allergan to sell itself, a move that made Ackman a bundle.

So what will Bill Ackman be cooking up at Restaurant Brands? He suggested the name implies it will make more acquisitions. Or Ackman will make it make more acquisitions.



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