Reuters: Mergers News: UPDATE 1-Burger King to incur charge on Carrols deal

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-Burger King to incur charge on Carrols deal Mar 30th 2012, 21:21 March 30 | Fri Mar 30, 2012 5:21pm EDT March 30 (Reuters) - Burger King Corp said it will take an impairment charge as a result of its previously announced sale of 278 of its outlets to C a rrols Restaurant Group Inc. 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.

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