02/21/2017 03:43 EST | Updated 02/22/2018 00:12 EST

NewsAlert:Parent of Tim Hortons to buy Popeyes restaurant chain for $1.8 billion

OAKVILLE, Ont. — The parent company of Tim Hortons and Burger King says it will pay $1.8 billion cash to buy the Popeyes Louisiana Kitchen chain in a friendly deal. Restaurant Brands International says it will pay $79 per share of Popeyes.

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