Restaurant Brands Has Yen for Popeyes

Restaurant Brands had reportedly pursued a potential takeover of rival fast-food chain Popeyes Louisiana Kitchen months ago, but has since lost interest the New York post reports. Yesterday, Reuters reported that the Canada-based owner of Burger King and Tim Hortons was currently in discussions about a possible acquisition Restaurant Brands walked away from the discussions late last year in part because Popeyes shares surged after the company reported third-quarter results in November, the Post reports Restaurant Brands could pursue a transaction with another company altogether with potential targets including pizza, Mexican and chicken restaurants, sources told the Post

This article was written by a staff member of TheStreet.