Reuters: Deals: Burger King to incur charge on Carrols deal

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Burger King to incur charge on Carrols deal Mar 30th 2012, 21:26 Tweet Share this Email Print Related News UPDATE 1-Burger King to incur charge on Carrols deal 5:21pm EDT Red Lion Hotels explores possible sale, shares rise Wed, Mar 28 2012 HIGHLIGHTS-BoE's King addresses UK's upper house Tue, Mar 27 2012 McDonald's February sales miss target, Europe blamed Thu, Mar 8 2012 Analysis & Opinion Obama's hamburger problem Related Topics Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Burger King signs at a restaurant in Annandale, VA, August 24, 2010. Credit: Reuters/Kevin Lamarque Fri Mar 30, 2012 5:26pm EDT (Reuters) - Burger King Corp BKCBK.UL said it will take an impairment charge as a result of its previously announced sale of 278 of its outlets to Carrols Restaurant Group Inc (TAST.O). Last week, Carrols agreed to buy the Burger King restaurants in a cash-and-stock deal that will make it the biggest Burger King franchisee in the world. Burger King, now the third-largest U.S. hamburger chain, also said it is evaluating the accounting implications of the sale and is unable to estimate the amount or the range of amount of the charge the company might take. (Reporting by Meenakshi Iyer in Bangalore; Editing by Viraj Nair) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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