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Inside the Burger King Takeover
Here's what the proposed Burger King buyout by 3G Capital will look like:
1. To fund the inevitable dividend to the burger chain's new owners, 3G will sell junk bonds at the counter of all Burger King restaurants.
2. To cut back on costs, French fry servings will be reduced by three fries each.
3. To shake things up, an outside CEO will be brought in. See "Hurd May Find Job in Private Equity After HP, Recruiters Say."
4. In the event of default on its Burger Anticipation Notes, 3G Capital reserves the right to pay off creditors with French fries. (see 2 above.)
Steve Rosenbush is the blogs/industry editor for Portfolio.com.
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