Is The King Gone? (BKC)
CNBC's David Faber announced that Burger King Holdings (NYSE: BKC) will be taken private at $24 per share by private equity firm 3G Capital.
Yesterday, Benzinga reported that 3G Capital had only $50 million in assets under management as of October 2009, so it appears that this may be in fact a leveraged buyout offer.
Shares of Burger King are currently trading at $22.90 in pre-market, up $4.04.
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