02 September 2010

BRASIL: Beer Billionaire Helps Buy Burger King For $3.3 Billion.

NYTIMES/   It's a done deal. NYC investment firm 3G Capital backed by Brasilian billionaire Jorge Paulo Lemann, 71, will takeover Burger King at $24 usd per share. This is the latest acquisition by big money boys from Brasil. Brasilian corporate buyers and sellers have done a scorching $51.4 billion worth of deals so far in 2010. In 2005, for eg, some $10.1 billion of deals were recorded. Lemann was involved in the $52 billion merger of the giant Brasil-Belgian beer InBev with Anheuser-Busch.

For More, See : http://dealbook.blogs.nytimes.com/2010/09/02/brazils-new-global-deal-makers/?ref=business