Tim Hortons, Canada's favorite doughnut and coffee chain, could soon become a bigger international player.
Burger King said Tuesday it struck a deal to buy the chain for about $11 billion and move its corporate headquarters to Canada. The companies say the deal creates the world's third-largest fast-food company. 3G Capital, the investment firm that owns a majority of Burger King, says it will use its expertise to expand Tim Hortons around the world, although it provided no details on specific markets.
Here's a look at Tim Hortons:
—The chain was founded in 1964 and initially sold just coffee and doughnuts. Over the years, it added bagels, muffins, cakes, pies, soups, chili, sandwiches and the bite-sized doughnut holes known as Timbits.