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Pillsbury and Chart House spin off their respective Burger King holdings and merge the two
entities into a separate company, an offer Pillsbury also declined. After the failed attempts to
acquire BK, the relationship with Chart House and the Trotters began to sour; in 1979 BK
successfully sued Chart House for improperly acquiring locations in Boston and Houston. In
1984, Pillsbury purchased Chart House's successor DiversiFoods for $390 million (USD) after
a separate, independent $525 million DiversiFoods management-backed leveraged buy-out of
the company failed.
BK, and former corporate siblings, Bennigan's, Steak and Ale, Godfather's Pizza (part of the
DiversiFoods acquisition), Quik Wok and Häagen Dazs ice cream shops, remained under the
Pillsbury corporate umbrella until Pillsbury divested its restaurant holdings in 1989 and sold
Burger King to British alcoholic beverage manufacturer and distributor Grand Metropolitan
PLC
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