Signs for a Tim Hortons restaurant, foreground, and a Burger King restaurant are displayed along Peach Street in Erie, Penn. (AP Photo/Erie Times-News, Christopher Millette)
The U.S. Treasury Department sought to avoid legal thin ice in its crackdown on corporate inversions. Steering clear of some of the most aggressive possibilities, the Obama administration stuck to areas where it has the clearest legal authority and can limit the effects to a discrete set of companies. Burger King Worldwide Inc. is moving forward with its deal to buy Tim Hortons Inc. and move its address to Canada, said Scott Bonikowsky, a Tim Hortons spokesman. [Full Story]
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