Pressure is likely to mount on Tim Hortons Inc. now that
it’s in the crosshairs of a second American hedge fund.
Scout Capital Management says in a regulatory filing that it
has boosted its Tim Hortons stake to 5.5 per cent, from 1.5 per cent earlier,
and that it plans to raise certain issues with the Canadian coffee-and-doughnut
chain. Yesterday, in documents filed
with the Securities and Exchange Commission, Scout said it now holds 8.4
million shares of Tim Hortons and has been talking with the company’s senior
executive.
No comments:
Post a Comment