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A look at Burger King's ownership history

By The Associated Press
June 20, 2012
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--1954 -- David Edgerton opens Insta Burger King in Miami, selling 18-cent fire-grilled hamburgers and 18-cent milkshakes. Three months later, Jim McLamore matches Edgerton's capital and the co-founders form a corporation called Burger King of Miami Inc.

--1963 -- South Florida Restaurants Inc. changes its name to Burger King Corp.

--1967 -- The Pillsbury Co. acquires Burger King Corp. for $18 million. There are 274 restaurants in operation with a total of 8,000 employees.

--1988 -- Grand Metropolitan PLC acquires The Pillsbury Co. and its subsidiaries, including Burger King, for $5.79 billion.

--1997 -- Grand Metropolitan merges with Guinness to create a new company, Diageo PLC.

--2000 -- Diageo announces its intention to spin off Burger King Corp. from its portfolio.

--2002 -- A group comprised of Texas Pacific Group, Bain Capital and Goldman Sachs Capital Partners buys Burger King for $1.5 billion.

--2006 -- Burger King goes public.

--2010 -- Burger King is acquired by 3G Capital and taken private. The new owners begin a yearlong process of reviving the ailing business with new menu items and remodeled stores.

--2012 -- Burger King returns to the New York Stock Exchange after 3G Capital sells a 29 percent stake in the hamburger chain for $1.4 billion in cash to Justice Holdings LTD, a U.K.-based entity specifically set up by investors to buy a company.

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