by The number two burger chain is on the market. 
Shares in Burger King stock had their highest increases in more than four years after the news.
The company, which has a reported value of more than $2 billion, has suffered a drop in sales of more than 2 percent during the current fiscal year, even amid their attempt to revamp their menu and remain competitive against McDonalds and the rising star of quick food options, Subway.
While there are rumors about what private equity company may be interested in buying the restaurant chain, Burger King corporate is unwilling to comment on the sale, issuing a statement that said, “Burger King Corp does not comment on rumours or speculation.” Two companies have risen to the top as the most likely candidates, 3i out of London and 3G Capital, a Brazilian investment firm.
There are 12,000 Burger King restaurants operating in nearly every country and on many military bases around the world. Both 3i and 3G Capital have similar strategies, looking for business opportunities in which they can obtain excellent returns on their capital investment by buying companies at a discounted rate.
Burger King was founded in 1954 by James McLamore and David Edgerton, with the Whopper being introduced in 1957.
Shadra Bruce is a contributing writer for News By The Second
