Burger King in Merger Talks with Tim Hortons

By CNN

Published 08/25 2014 09:34AM

Updated 08/25 2014 09:36AM

Burger King Logo
Burger King Logo
BK is in merger talks with Canadian coffee chain Tim Hortons.

The combined company would be the world's third-largest fast food chain.

While both brands would continue to operate independently, the merger would allow Burger King to potentially cut its tax bill.

It's called an "invesrion", merging with a foreign company and relocating headquarters outside of the US, which has the highest corporate tax rate among developed countries.

At least 47 companies have done it over the last decade.

Burger King is currently headquartered in Miami.

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