Popeyes is up 19.16%, or $12.67, at $78.79 a share on Tuesday morning amid news that Restaurant Brands International is buying it for $1.8 billion. Restaurant Brands is the company that owns both Burger King and Tim Horton.
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Popeyes is soaring on news it's being acquired by the owner of Burger King (PLKI, QSR)
The transaction is expected to close by early April 2017.
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