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Buffett's firm to get $3 billion back from Burger King owner
short by Krishna Veera Vanamali / on Tuesday, 12 December, 2017
Burger King-owner Restaurant Brands International is scheduled to redeem $3 billion in preferred shares from billionaire Warren Buffett's Berkshire Hathaway on Tuesday. Buffett had made the investment to help the fast-food chain finance its 2014 purchase of Tim Hortons. Notably, at the end of September, Buffett's firm had a record $109 billion in cash.
read more at Bloomberg