Burger King is in talks to buy Tim Hortons in hopes of creating a new, publicly traded company with its headquarters in Canada. With a new base in Canada, Burger King, now based in Miami, could shave its U.S. tax bill. Tax inversions have become increasingly popular among U.S. companies trying to cut costs.
The Wall Street Journal first reported the talks, and the companies confirmed late Sunday that the merger discussions were taking place. But there's no assurance a deal will happen.