Tim Hortons Inc. (TSX, NYSE: THI) today announced the company's shareholders have approved the transaction with Burger King Worldwide, Inc. (NYSE: BKW) that will create a new global quick service restaurant leader, to be named Restaurant Brands International.

An agreement was reached today to create the world’s third largest quick service restaurant company. Tim Hortons Inc. (TSX, NYSE: THI) and Burger King Worldwide Inc. (NYSE: BKW) today announced a definitive agreement under which the two companies will create a new global powerhouse in the quick service restaurant sector.

Yesterday Burger chain Burger King and Canadian Coffee and Donut Chain Tim Hortons confirmed they are in talks to join forces.