Investment firm 3G Capital completed its $4 billion acquisition of Burger King Holdings Inc. on Tuesday, and new executives took the helm at the chain.
An affiliate of 3G Capital, a New York-based and Brazilian-backed firm, paid $3.26 billion, or $24 a share, for Miami-based Burger King, the nation’s No. 2 burger chain. The assumption of outstanding debt brought the total to $4 billion. About 93 percent of shares were tendered.