Burger King Heading to Canada: Tim Horton's Agrees to Merger

Third largest fast food company will base its HQ in Canada, where Tim Horton's operates

Tim Hortons has agreed to be bought by the company that owns Burger King in a deal that could culminate in the world's third largest fast-food company.

The new combined company would be based at the current headquarters of Tim Hortons, in Oakville, Ont. Burger King would continue to maintain its global home in Miami.