Burger King On The Menu With Hungry Bidders

3G Capital has emerged as the most likely buyer for Burger King after the fast food chain confirmed it was on the menu!

The little known New York based investment firm is the 8/11 favourite with Paddy Power to swallow up the second largest burger chain in the world but negotiations are thought to be ongoing and the door is very much still open to other bidders.

Despite denials that they are hungry to take a bite out of Burger King British private equity firm 3i are the second favourites to acquire BK on Paddy Power’s list at 7/4, while the odds on any other unknown bidder joining the table and successfully acquiring Burger King are 9/2.

Meanwhile the chain whose share price has surged on the back of takeover rumours to near $19 in recent weeks is being tipped at 9/4 to have a share price sale of between $17.01 and $17.50.

Sharon McHugh, spokesperson for Paddy Power, said: “Burger King, unlike their rivals McDonalds, were hit hard by the recession making them a very tasty takeover target indeed. 3G Capital at the moment look very keen to complete a sale but other hungry bidders could emerge.”

Burger King Outright Buyer

• 8/11 3G Capital
• 7/4 3i
• 9/2 Any other

Sale Share Price

• 11/4 Less than $16.50
• 3/1 $16.51 to $17
• 9/4 $17.01 to $17.50
• 11/4 $17.51 to $18
• 5/1 $18.01 to $18.50
• 7/1 $18.51 to $19
• 6/1 More than $19