Monday, August 25, 2014

Tim Hortons Inc. - THI.t

Tim Hortons Inc. - THI.t opened its first restaurant in Hamilton, Ontario in 1964. Since then, the focus on top quality, always fresh product, value, exceptional service and community leadership has allowed the chain to grow into the largest quick service restaurant chain in Canada specializing in always fresh coffee, baked goods and homestyle lunches.

Tim Hortons enjoys iconic brand status in Canada and a strong, emerging presence in select regional markets in the U.S.








On August 25, 2014 the company reported News

TIM HORTONS AND BURGER KING CONFIRM TALKS REGARDING POTENTIAL STRATEGIC TRANSACTION

In response to media reports, Tim Hortons Inc. and Burger King Worldwide Inc. have confirmed that they are in discussions regarding the potential creation of a global leader in the quick service restaurant business. The new publicly listed company would be headquartered in Canada, the largest market of the combined company.

3G Capital, the majority owner of Burger King, will continue to own the majority of the shares of the new company on a pro forma basis, with the remainder held by existing shareholders of Tim Hortons and Burger King. 3G Capital and its affiliates have a demonstrated record of managing international expansion of iconic brands around the globe.

Within this new entity, Tim Hortons and Burger King would operate as stand-alone brands, while benefiting from shared corporate services, best practices, and global scale and reach. A key driver of these discussions is the potential to leverage Burger King's worldwide footprint and experience in global development to accelerate Tim Hortons growth in international markets.

The new company would be the world's third-largest quick service restaurant company, with approximately $22-billion in system sales and over 18,000 restaurants in 100 countries worldwide. Tim Hortons and Burger King each have strong franchisee networks and iconic brands that are loved by their respective consumers. Any transaction will be structured to preserve these relationships and deepen the connections each brand has with its guests, franchisees, employees and communities. The transaction remains subject to negotiation of definitive agreements. There can be no assurance that any agreement will be reached or that a transaction will be consummated.

Tim Hortons and Burger King do not intend to comment on this matter further unless and until a transaction is agreed or discussions are discontinued, and specifically disclaim any obligation to provide further updates to the market.

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On August 6, 2014 the company reported Numbers

Tim Hortons Inc. (TSX: THI, NYSE: THI) today announced that the Board of Directors has declared a dividend of $0.32 per common share payable to shareholders of record as of August 18, 2014. The dividend is payable on September 3, 2014.

Dividends are declared and paid in Canadian dollars to all shareholders with Canadian resident addresses. For U.S. shareholders, the dividends will be converted to, and paid in, U.S. dollars based on prevailing exchange rates at the time of conversion by Tim Hortons for registered shareholders and by CDS Clearing and Depository Services Inc. for beneficial shareholders. The declaration and payment of future dividends remain subject to the discretion of the Board of Directors.


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http://pennystockjournal.blogspot.com/2014/08/tim-hortons-inc-thit.html


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