Burger King Stock Returns to Public Trading

By: associated press
By: associated press

NEW YORK (AP) -- Burger King will return to the New York Stock Exchange after the market opens Wednesday.

The world's second biggest hamburger chain last traded as a public company between 2006 and 2010.

The company was then purchased and taken private by investment firm 3G Capital, which has been overhauling the chain's operations.

Burger King's listing on the exchange under the ticker "BKW" won't be through an initial public offering, however.

The company announced an unusual deal in April to sell a minority stake to Justice Holdings, a London-based shell company that was specifically set up to invest in another company.

Under the deal, Justice was to suspend trading on the London Stock Exchange once the deal was complete and emerge as Burger King Worldwide Inc. on the New York Stock Exchange.

AP-WF-06-20-12 1106GMT


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