From Marketwatch: Now back on the NYSE, Burger King BKW
+0.94% shares are again available to the
public. This comes after 3G Capital Managements' 2010 purchase of the company
took it away from public trading. 3G Capital owns almost 244 million of Burger
King's 350 million shares, or nearly 70% of the company.
The story gets juicier; Bill Ackman picked up 42 million
shares with Pershing Capital Management LP, valued at about $635 million. Will
3G's sale and Ackman's bet precede a propelled Burger King?
Restaurant IPOs have been hot recently. The IPO for Dunkin'
Brands DNKN +0.10% opened at $19 a
share. The company's shares now trade at around $35. While the Burger King
price is settling, hedge fund activity for the stock isn't. Only 16% of the
company's shares are available to the public....
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