Burger King Planning on Going Public Again

One of the world’s largest burger chains is planning on going public again.Burger King announced that it expects to re-list its shares on the New York Stock Exchange within the next three months.The deal, which was announced late Tuesday, has New-York based investment firm 3G Capital seilling a 29% stake in the burger chain for $1.4 billion in cash to Justice Holdings. 3G Capital will keep the remaining 71%. This comes in the wake of a complete overhaul of its menu and stores. Burger King plans on spending $750 million to introduce new menu items and a re-design of its stores in the U.S. This came in response to losing the number two spot to Wendy’s this past year.Burger King traded under the symbol BKC between 2006 and 2010 but its new ticker has not yet been determined.