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Burger King owner to buy chain's largest US franchisee

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Burger King owner Restaurant Brands International penned a deal to buy the fast-food chain's largest U.S. franchisee.

The deal for Carrols, the operator of more than 1,000 Burger King stores, comprises $1 billion in cash.

Officials expect the deal to be completed in the second quarter.

Read more from CNBC.

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