Burger King Holdings Inc (NYSE: BKC) has been considering a possible sale and has held talks with potential buyers, a source familiar with the situation said on Wednesday, 9-1-10, lifting its shares 18.5 percent. The second-biggest U.S. hamburger chain has underperformed rivals like McDonald's (NYSE: MCD) as its key customer base of young men has been hit harder by unemployment in the past two years. That group has suffered massive job losses in industries like construction and manufacturing. The company, which has a market capitalization of about $2.3 billion, has been public since May 2006. Famed for its flame-broiled Whopper, Burger King had previously been owned by private equity firms, which still hold a stake in the company. TPG, Bain Capital and Goldman Sachs purchased Burger King from British drinks company Diageo (LSE: DGE.L) in 2002 for about $1.5 billion. One of the potential suitors, British private equity firm 3i Group Plc (LSE: III.L), distanced itself from a possible deal. 0.6 million shares outstanding, representing a 62 percent premium from the closing price on Thursday, 8-12-10.
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