Warren Buffett’s Berkshire Hathaway is providing $3 billion of financing for Burger King Worldwide’s takeover of Tim Hortons, reports Bloomberg.

As a result, the company stands to “earn 9% annual interest on the investment,” it adds. Read more.

Also read:

Tim Hortons and CIBC launch loyalty card

Quirkiest stories of 2013: Canadian edition

Buffett to buy Canadian company

Originally published on Advisor.ca

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