BK Get it their way!

Fast food giant Burger King has agreed to a buyout by private investment firm 3G Capital for $3.26 billion (£2.1 billion).

At $24 per share, the deal represents a 46 per cent premium to Burger King’s share price before news of the deal talks emerged.

Before details of the deal became public on Wednesday, shares in Burger King were down more than 31 per cent since the end of 2008. McDonald’s shares were up nearly 18 percent.

Burger King, the US number two fast food chain, has lagged behind McDonald’s and other competitors as its key customer base takes a deeper hit from high unemployment rates.

Analysts say the takeover will enable Burger King to make major changes to its business and invest in improvements

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