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burger king corp. and diageo plc. - All News and Analysis

• Diageo Suffers Burger King Hangover.

  - 2003-02-20

  By Jim Armitage, Evening Standard, London Knight Ridder/Tribune Business News By Jim Armitage, Evening Standard, London Knight Ridder/Tribune Business News

  Tags: Burger King Corp., Diageo Plc.

• Burger King. (In the News: Miami-Dade).(Diageo closes sale of fast-food chain)(Brief Article)

  - 2003-02-01

  British beverage giant Diageo has closed its sale of Miami-based Burger King to a consortium of investors led by Texas Pacific Group. The deal nearly fell through after the buyers balked at the $2.26 billion asking price, agreed upon last July before British beverage giant Diageo...

  Tags: Burger King Corp., Diageo Plc., Texas Pacific Group

• Texas Pacific Group, Bain Capital Partners and Goldman Sachs Capital Partners - Business Briefs - Diageo sells Burger King - Brief Article

  - 2002-12-23

  Diageo has finally sealed an agreement to sell its fast food chain Burger King and taken its final, significant step in realizing its dream of becoming a fully drinks-focused business. The company announced the sale of Burger King Corporation under revised terms to the buying group composed of Texas Pacific...

  Tags: Diageo Plc., Burger King Corp., purchase price, BainCapital LLC, Texas Pacific Group, Goldman Sachs Group Inc.

• Diageo finally sells Burger King.

  - 2002-12-19

  Diageos sale of its underperforming Burger King restaurant division has been anything but a case of fast food. The worlds leading spirits company struggled for over two years to offload the chain - and the price paid for it was well short of a whoppe Diageos...

  Tags: Burger King Corp., Diageo Plc.

• Burger King sold in less than a whopper of a deal.(Diageo PLC sells Burger King Corp. to Texas Pacific Group)(Brief Article)

  - 2002-12-16

  In a $1.5 billion deal, a consortium, led by private equity investor Texas Pacific, agreed to purchase Burger King from Diageo PLC. Texas Pacific had originally agreed to pay $2.26 billion in cash in a deal struck in July, (See FOOD INSTITUTE REPORT, In a $1.5...

  Tags: Burger King Corp., Diageo Plc., Texas Pacific Group

• Burger King deal close at $1.5bn.

  - 2002-12-13

  Diageo was Thursday night hammering out the final details of a deal to sell Burger King, the fast food restaurant chain, to a consortium led by Texas Pacific, the private equity firm, for a knockdown price of $1.5bn ([euro]1.47bn).Under the terms of Diageo was Thursday...

  Tags: Burger King Corp., consortium, Diageo Plc.

• Diageo Agrees the Sale of Burger King

  - 2002-12-13

  Business Editors

  Tags: Burger King Corp., Diageo Plc.

• DIAGEO LOYAL TO CHOSEN BUYER IN SELLING FAST FOOD CHAIN BURGER KING.(to sell unit to Texas Pacific Group)(Brief Article)

  - 2002-12-06

  The world number one spirits company, Diageo, says it is still in talks to sell its Burger King hamburger chain to venture capitalists Texas Pacific Group. And British based Diageo will maintain exclusivity and not seek other buyers as long as it bel The world number...

  Tags: Burger King Corp., Diageo Plc., Texas Pacific Group, Whopper

• Burger King sale in jeopardy, suitors waiting in wings.(Diageo announces its initial deal to sell Burger King has faltered)(Brief Article)

  - 2002-11-25

  Diageo has acknowledged the initial deal to sell its Burger King fast food chain for $2.2 billion, announced in July, has faltered (see FOOD INSTITUTE REPORT, July 29, page 7). The London-based spirits group remains in exclusive talks--which will not Diageo has acknowledged the initial deal...

  Tags: Burger King Corp., Diageo Plc., food

• Diageo's Burger King deal is in jeopardy - Brief Article

  - 2002-11-25

  Diageo is trying to salvage a deal to sell its Burger King unit, after a group of potential buyers insisted on better terms. Diageo wants to divest itself of Burger King so it can plough the $2.26 billion from the sale into the company's drinks business. Although talks on the...

  Tags: Burger King Corp., Diageo Plc.