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Welcome to Industry Focus, the podcast it dives into a different sector of the stock market

every day.

I'm your host Vincent Shen and is Tuesday

February 21st. Though we pre-recorded this episode several weeks ago when

full dot com contributor Daniel Klein stopped by full headquarters here to join me in

studio I want to touch briefly on breaking news that happens to come from our main topic for this episode, the fast food industry.

This morning, Restaurant Brands International Parent Company of Burger King and Tim Hortons announced

that it will be acquiring Pop Eyes, Louisiana Kitchen for about $1.8 billion.

So this is after several weeks of speculation regarding a deal between these two companies.

Restaurant Brands has 20,000 restaurant locations within its portfolio and Popeyes will be bringing

its 2,600 restaurants into the fold.

Both companies have very similar business models in terms of

the bulk of the restaurants being franchise locations, nearly 100% for restaurant brands,

and about 97% for pop- Eyes at last count.

And at the buyout price of $79 per share,

that's a 20% premium to the February 10th closing price.

So that was before media began reporting on rumors of a deal between the two companies.

And overall, I think you can see the success and scale of a fried chicken competitor like

...