REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Automotive Chat > Vancouver Off-Topic / Current Events

Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

Reply
 
Thread Tools
Old 08-24-2014, 07:41 PM   #1
Zombie Mod
 
Presto's Avatar
 
Join Date: Aug 2003
Location: Langley
Posts: 9,263
Thanked 4,394 Times in 1,275 Posts
Burger King in talks to purchase Tim Horton's

Quote:
OAKVILLE, Ont. (NEWS1130) – Burger King is in talks to buy Tim Hortons Inc. (TSX: THI) and form a new publicly listed company that would be based in Canada.

They said in a statement Sunday night that Canada would be the largest market of the combined company.

The statement said 3G Capital, the majority owner of Burger King, would continue to own the majority of the shares of the new company on a pro forma basis, with the remainder held by existing shareholders of Tim Hortons and Burger King.

The companies say Ontario-based Tim Hortons and Miami-based Burger King would operate as standalone brands.

The statement adds that the new corporation would be the world’s third-largest quick service restaurant company, with approximately $22 billion in system sales and over 18,000 restaurants in 100 countries worldwide.

The companies say they will not comment further unless there is a deal.
Anyone have THI stock?
Advertisement
__________________
Romans 10:9
Presto is online now   Reply With Quote
Old 08-24-2014, 08:23 PM   #2
I WANT MY 10 YEARS BACK FROM RS.net!
 
Timpo's Avatar
 
Join Date: Mar 2002
Location: ...
Posts: 20,379
Thanked 4,550 Times in 1,368 Posts
I'd be tempted to purchase some shares but the thing about stock market is always unpredictable...

as we know things like this happen all the time in business world but it doesn't always raise the stock value.
Timpo is offline   Reply With Quote
This post thanked by:
Old 08-24-2014, 09:54 PM   #3
I *heart* Revscene.net very Muchie
 
Join Date: Jul 2007
Location: BC
Posts: 3,559
Thanked 3,813 Times in 957 Posts
^well no shit.
flagella is offline   Reply With Quote
This post thanked by:
Old 08-24-2014, 09:57 PM   #4
In RS I Trust
 
murd0c's Avatar
 
Join Date: Mar 2003
Location: Mission
Posts: 19,604
Thanked 16,829 Times in 3,951 Posts
I really wonder what would happen with the deal with Wendy's then
murd0c is online now   Reply With Quote
Old 08-24-2014, 11:39 PM   #5
Revscene.net has a homepage?!
 
Marshall Placid's Avatar
 
Join Date: Jan 2013
Location: Richmond
Posts: 1,296
Thanked 1,934 Times in 494 Posts
The following are my opinions only:

Not a good idea.

BK, I believe, went public in 2012 for the THIRD time.

This is a bad deal for Tim Hortons, but a solid one for BK if it goes through, pending approval from a lot of stakeholders, and a lot depends on the price and terms.

For Tim Hortons, I believe it should focus on its core food items (coffee, pastries, etc.), and purchase a similar company in the USA (Dunkin Donuts?), rather than merging or having BK takeover.
Marshall Placid is offline   Reply With Quote
Old 08-25-2014, 12:03 AM   #6
I subscribe to the Fight Club ONLY
 
westopher's Avatar
 
Join Date: Apr 2011
Location: vancouver
Posts: 7,165
Thanked 18,399 Times in 3,972 Posts
Ugh, I wish both would just either not exist, or just be better. Such wastes of space.
__________________
98 technoviolet M3/2/5
Quote:
Originally Posted by boostfever View Post
Westopher is correct.
Quote:
Originally Posted by fsy82 View Post
seems like you got a dick up your ass well..get that checked
westopher is online now   Reply With Quote
This post thanked by:
This post FAILED by:
Old 08-25-2014, 12:04 AM   #7
Hacked RS to become a mod
 
SkinnyPupp's Avatar
 
Join Date: Feb 2002
Location: Sunny Hong Kong
Posts: 42,000
Thanked 17,631 Times in 5,339 Posts
If this increases the chances of there being a Tim Horton's in my location (BK has a presence here and throughout asia), I am all for it
SkinnyPupp is offline   Reply With Quote
Old 08-25-2014, 12:05 AM   #8
Cant Stop Modding Fat Cars w/ Cheap Pasts!
 
StylinRed's Avatar
 
Join Date: Oct 2002
Location: CELICAland
Posts: 23,045
Thanked 9,234 Times in 3,293 Posts
isnt bk floundering?

seems like a bad deal for timmies well unless of course theres a nice payday
StylinRed is offline   Reply With Quote
Old 08-25-2014, 12:31 AM   #9
WOAH! i think Vtec just kicked in!
 
josayeee's Avatar
 
Join Date: Jun 2002
Location: Downtown
Posts: 1,638
Thanked 77 Times in 30 Posts
I read another article saying BK was going to get some huge tax break in the US by making themselves a Canadian company. I don't think it's a good sign for BK if this is the main reason for the merger.
josayeee is offline   Reply With Quote
Old 08-25-2014, 12:35 AM   #10
(╯°□°)╯聽不到 ╮(°□°╮)
 
Tim Budong's Avatar
 
Join Date: May 2004
Location: The Womb
Posts: 16,808
Thanked 10,860 Times in 2,125 Posts
Quote:
Originally Posted by SkinnyPupp View Post
If this increases the chances of there being a Tim Horton's in my location (BK has a presence here and throughout asia), I am all for it
one part of canada a lot of people seem to miss living overseas...no matter how crappy their Coffee is.

Timmys has become a big part of what Canada is
Tim Budong is offline   Reply With Quote
Old 08-25-2014, 12:41 AM   #11
Hacked RS to become a mod
 
SkinnyPupp's Avatar
 
Join Date: Feb 2002
Location: Sunny Hong Kong
Posts: 42,000
Thanked 17,631 Times in 5,339 Posts
Quote:
Originally Posted by darthchilli View Post
one part of canada a lot of people seem to miss living overseas...no matter how crappy their Coffee is.

Timmys has become a big part of what Canada is
I just miss being able to get decent donuts... Krispy Kreme was here for a white but for some reason they didn't do well enough... This is despite there being consistently huge lineups at all their other locations in Asia, so it's weird...
SkinnyPupp is offline   Reply With Quote
Old 08-25-2014, 12:41 AM   #12
Banned (ABWS)
 
Join Date: Sep 2013
Location: Vancouver
Posts: 2,452
Thanked 2,665 Times in 960 Posts
Last time I had burger king it was fucking disgusting!!!


Wendy's is basically the best fast food you can get, IMO


Burger King is actually worse than McDonald's. Clown food is already basically poison, but Burger King is like poorly served poison.

Fuck I had a whopper at the Granville street location and I couldn't finish it. I gave it to a drunk who had his head down on a table.
multicartual is offline   Reply With Quote
This post thanked by:
Old 08-25-2014, 01:08 AM   #13
Diagonally parked in a parallel universe
 
Join Date: May 2007
Location: Burnaby
Posts: 1,488
Thanked 1,499 Times in 415 Posts
not an expert here, but in my general opinion i think this is a bad move for Tim Hortons.

their branding power is much much superior than BK. i fear that if BK takes on Tim Hortons, Tim Hortons will cease to exist
SoNaRWaVe is offline   Reply With Quote
Old 08-25-2014, 02:04 AM   #14
Willing to sell body for a few minutes on RS
 
Manic!'s Avatar
 
Join Date: Apr 2004
Location: Nanaimo
Posts: 10,373
Thanked 3,811 Times in 1,740 Posts
Tim Hortons is almost maxed out in Canada and wants to expand around the world. Burger King is a way bigger company and has the knowledge man power and connections around the world to help them with that. This might not be a good deal for the customers but is a good deal for the shareholders and that's all that matters.
__________________
I don't need an amplifier I'm already big, best on any track call me the Stig - Shizzo

Dusty Nuggets Rusty Shackleford Cuntar
Manic! is online now   Reply With Quote
This post thanked by:
Old 08-25-2014, 02:20 AM   #15
I WANT MY 10 YEARS BACK FROM RS.net!
 
Timpo's Avatar
 
Join Date: Mar 2002
Location: ...
Posts: 20,379
Thanked 4,550 Times in 1,368 Posts
Quote:
Originally Posted by multicartual View Post
Last time I had burger king it was fucking disgusting!!!


Wendy's is basically the best fast food you can get, IMO


Burger King is actually worse than McDonald's. Clown food is already basically poison, but Burger King is like poorly served poison.

Fuck I had a whopper at the Granville street location and I couldn't finish it. I gave it to a drunk who had his head down on a table.
Well I think Burger King sells worst coffee.
I think they might have switched to Seattle's Best Coffee by now but it used to be super disgusting thing that didn't even taste like coffee.
Timpo is offline   Reply With Quote
Old 08-25-2014, 02:21 AM   #16
I WANT MY 10 YEARS BACK FROM RS.net!
 
Timpo's Avatar
 
Join Date: Mar 2002
Location: ...
Posts: 20,379
Thanked 4,550 Times in 1,368 Posts
Btw I think Burger King's Burger and fries taste better than McDonald's.
Timpo is offline   Reply With Quote
This post thanked by:
Old 08-25-2014, 02:23 AM   #17
I WANT MY 10 YEARS BACK FROM RS.net!
 
Timpo's Avatar
 
Join Date: Mar 2002
Location: ...
Posts: 20,379
Thanked 4,550 Times in 1,368 Posts
oh yeah, and A&W sucks.

Their website sucks too.

Difference between Canadian A&W and Japanese A&W.

Canadian: Welcome to A&W Food Services of Canada Inc.
American: A&W Restaurants | A&W® All American Food
JDM: A&W??
Timpo is offline   Reply With Quote
Old 08-25-2014, 04:03 AM   #18
I *heart* Revscene.net very Muchie
 
Bouncing Bettys's Avatar
 
Join Date: Aug 2002
Location: Bootyville
Posts: 3,692
Thanked 1,854 Times in 585 Posts
I remember when Tim's would actually freshly bake their doughnuts on-site. There was a pleasant bakery smell when you entered. Presently: their food tastes like shit, the ice capps give me instant liquid shits, and they seem to have a policy of hiring unattractive women. Last I read, their food isn't even produced by canadian companies. It can fuck off to the rest of the world, but thanks for the free wifi.
__________________
LEAFS!
Bouncing Bettys is online now   Reply With Quote
This post thanked by:
This post FAILED by:
Old 08-25-2014, 07:29 AM   #19
RS.net PIMP
 
7seven's Avatar
 
Join Date: Aug 2002
Location: Vancouver/LA
Posts: 4,903
Thanked 3,067 Times in 828 Posts
Quote:
Originally Posted by josayeee View Post
I read another article saying BK was going to get some huge tax break in the US by making themselves a Canadian company. I don't think it's a good sign for BK if this is the main reason for the merger.
Yup, tax inversion, this is a growing trend in the US lately with a lot of major corporations with non-US operations/revenues, moving their headquarters overseas/offshore, resulting in lower tax revenues for the US on a State and Federal level, it's also costing jobs with major head offices moving offshore. Shifting their head offices offshore removes the companies offshore revenues/profits from the US tax rate when those profits/revenues become repatriated by the US headquartered company. IMO the US has to really lower its corporate tax rates and make it more friendly to do business in the US, as generating jobs I think would be of a greater benefit than the % of tax revenues lost.

Quote:
Business commentator Michael Hlinka said on CBC Toronto's Metro Morning on Monday that Burger King may be making a "tax inversion" play with this move.

The basic U.S. corporate tax rate is about 35 per cent, while Canada's, depending on the province, is around 26 per cent.

"There's that extra nine per cent of value that they're right now giving away," said Hlinka.

By merging with a Canadian company and setting up a head office in Canada, U.S. companies can achieve significant tax savings, Hlinka said.

Tim Hortons, Burger King: What's behind the potential merger - Business - CBC News
__________________

13 Range Rover SC
11 Yukon Hybrid
13 Accord V6 Coupe
7seven is offline   Reply With Quote
This post thanked by:
Old 08-25-2014, 09:46 AM   #20
GS8
I subscribe to Revscene
 
Join Date: Oct 2013
Location: The Fruit Loops
Posts: 1,993
Thanked 4,128 Times in 1,104 Posts
I fucking hate Tim Horton's.

I go there very rarely and it's usually just for a quick breakfast. Well it should be quick.

Their new slogan should be

'Always language barrier. Always fucked up order'
__________________
Quote:
Originally Posted by punkwax View Post
Ummm.. it's GS8.
GS8 is offline   Reply With Quote
This post thanked by:
This post FAILED by:
Old 08-25-2014, 10:13 AM   #21
I have named my kids VIC and VLS
 
Hondaracer's Avatar
 
Join Date: Oct 2001
Location: Off-Topic
Posts: 27,728
Thanked 7,281 Times in 2,573 Posts
Lol you guys got some problems with Tim's

Rarely ever have problems and the one I frequent the most the ladies couldn't be nicer

Also I love the people who hate on Tim's or say that it isn't even coffee yet love Starbucks. Unless your getting fresh beans and grinding them on a daily basis you're drinking shit coffee either way and it comes down to a preferance. Personally I find all of Starbucks roasts disgusting.
__________________
Dank memes cant melt steel beams
Hondaracer is online now   Reply With Quote
This post thanked by:
This post FAILED by:
Old 08-25-2014, 10:28 AM   #22
Zombie Mod
 
Presto's Avatar
 
Join Date: Aug 2003
Location: Langley
Posts: 9,263
Thanked 4,394 Times in 1,275 Posts
Having a Timmy's breakfast sandwich, right now. It is awesome. I wish they still had the Jalapeno version.
__________________
Romans 10:9
Presto is online now   Reply With Quote
This post thanked by:
Old 08-25-2014, 10:46 AM   #23
Cant Stop Modding Fat Cars w/ Cheap Pasts!
 
StylinRed's Avatar
 
Join Date: Oct 2002
Location: CELICAland
Posts: 23,045
Thanked 9,234 Times in 3,293 Posts
Quote:
Originally Posted by Bouncing Bettys View Post
I remember when Tim's would actually freshly bake their doughnuts on-site.
you mean they don't anymore?! (havent been inside one in years...decades even)
StylinRed is offline   Reply With Quote
Old 08-25-2014, 10:47 AM   #24
Diagonally parked in a parallel universe
 
Join Date: May 2007
Location: Burnaby
Posts: 1,488
Thanked 1,499 Times in 415 Posts
only thing i like about tim hortons is their crispy chicken, apple fritters, and their double doubles. i rarely order anything else there but every time, the service seems to be fairly good.

coffee is a huge industry and it all comes down to winning people's loyalty. i personally prefer a shop that can be consistent with their coffee. but that has yet to happen. its always different wherever you go no matter what chain you visit.
SoNaRWaVe is offline   Reply With Quote
Old 08-25-2014, 11:33 AM   #25
Rs has made me the woman i am today!
 
Join Date: Apr 2001
Posts: 4,351
Thanked 1,791 Times in 822 Posts
Quote:
Originally Posted by Hondaracer View Post
Lol you guys got some problems with Tim's

Rarely ever have problems and the one I frequent the most the ladies couldn't be nicer

Also I love the people who hate on Tim's or say that it isn't even coffee yet love Starbucks. Unless your getting fresh beans and grinding them on a daily basis you're drinking shit coffee either way and it comes down to a preferance. Personally I find all of Starbucks roasts disgusting.
Once you make your own coffee, it's hard to go back. I grind the beans every morning and brew them in my French press. I have an insulated mug and I have the best coffee in my office at a fraction of the cost of the swill at Tim Hortons.

Hell, the vaccum packed Lavazza that I use to make Americanos with my manual espresso machine tastes better than 90% coffee sold at coffee shops.

Starbucks blond is palatable without sugar and dairy. Tim Hortons black tastes like shit, but with sugar and cream, it's a sugary drink, like pop.
Tapioca is online now   Reply With Quote
This post thanked by:
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -8. The time now is 06:33 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net