Grand Metropolitan PLC acquired Pillsbury Company and its subsidiaries, including Burger King, for $5.8 billion. Burger King had a renewed focus, after this acquisition, on international growth, setting up shop in key countries like East Germany, Poland, Israel, Italy, etc. In 1997, Grand Metropolitan essentially dropped Burger King and Pillsbury Company all together after merging with Guinness to create Diageo PLC. Fast forwarding to 2006 Burger King Holdings completed a successful initial public offering…
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