The buyout deal between Diageo PLC and Texas Pacific is nearing a close, according to The Wall Street Journal
. Inside sources told reporters at the Journal
that the two groups are in "advanced discussions" and are close to reaching a resolution. In fact, reported the Journal
, a deal could be made as earlier as this afternoon.
Texas Pacific is expected to pay between $2.1 and $2.3 billion for Burger King.
Source URL: http://www.qsrmagazine.com/news/bk-buyout-expected-close-today