Popeyes sold to Burger King parent for $1.8 billion

Restaurant Brands International Inc. (NYSE: QSR) will buy Atlanta-based Popeyes Louisiana Kitchen Inc. (NASDAQ: PLKI) for $1.8 billion.Popeyes shareholders will get $79 in cash a share at closing -- a premium of 27 percent based on Popeyes’ 30-trading day Volume Weighted Average Price as of Feb. 10.The deal, expected to close by early April 2017, brings the New Orleans spicy chicken brand to the same company that owns Burger King and Tim Hortons.Popeyes will continue to be managed independ