Burger King Holdings Inc agreed to sell itself to investment firm 3G Capital for $3.26 billion

giving the No. 2 U.S. fast-food chain breathing room to fix its business and close the gap with leader McDonald's Corp.UGG 5812 Metallic Tall
At $24 per share, the offer represents a 46 percent premium to Burger King's price before news of the negotiations emerged on Wednesday.

"It was a call out of the blue," Burger King Chairman and Chief Executive John Chidsey told Reuters in an interview when asked about how the talks started. He declined to give additional details.Discount ugg boots
Chidsey will keep his roles during a transition period and then become co-chairman with 3G Managing Director Alex Behring.