> Warren Buffett Blog: Berkshire to get $3 billion from Burger King

Wednesday, December 13, 2017

Berkshire to get $3 billion from Burger King

Burger King-owner Restaurant Brands International Inc. is scheduled to redeem $3 billion in preferred shares from Buffett’s Berkshire Hathaway Inc. The money helped the fast-food chain finance its 2014 purchase of Tim Hortons. 

The redemption will add extra cash to Buffett’s arsenal for investments and takeovers. At the end of the third quarter, Buffett’s Omaha, Nebraska-based holding company had a record $109 billion in cash.