Burger King stock to return to NYSE today

Burger King will return to the New York Stock Exchange after the market opens Wednesday.

Burger King Worldwide Inc. raised its offer price to Tim Hortons’ Inc. executives three times before the coffee chain’s board decided to enter into takeover discussions with the fast food giant. Discussions between the two quick-serve restaurant giants began after Burger King Chairman Alexandre Behring, managing partner of 3G Capital, approached billionaire investor Warren Buffett in early March and suggested his Berkshire Hathaway should provide financing for a deal to combine the two restaurant giants.

Hedge fund manager Bill Ackman, who runs Pershing Square Capital, is having a big day.  He just made more than $144 million on his Burger King stake this morning before the opening bell.