Thursday, December 11, 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

Burger King Worldwide Inc., Tim Hortons Inc. and Restaurant Brands International Inc. have released the preliminary results of the consideration elections made by Burger King Worldwide stockholders and Tim Hortons shareholders prior to the election deadline of Dec. 9, 2014, at 5 p.m., Eastern Time, assuming the closing of the transactions occurs as expected on Dec. 12, 2014, as previously announced. Those preliminary results are as follows:

Holders of approximately 267,581,737 shares of Burger King Worldwide common stock (including approximately 3,219,317 shares delivered via guaranteed delivery), or approximately 76 per cent of the outstanding shares of Burger King Worldwide common stock, made an election to receive Restaurant Brands International LP exchangeable units. Holders of approximately 84,465,429 shares of Burger King Worldwide common stock, or approximately 24 per cent of the outstanding shares of Burger King Worldwide common stock, did not make an election or were deemed not to have made an election and will receive 0.99 Restaurant Brands International common share and 0.01 Partnership exchangeable unit.

Holders of approximately 2,093,443 common shares of Tim Hortons, or approximately 2 per cent of the outstanding common shares of Tim Hortons, made a cash election. Holders of approximately 95,703,801 common shares of Tim Hortons, or approximately 72 per cent of the outstanding common shares of Tim Hortons, made an election to receive Restaurant Brands International common shares. Holders of approximately 34,778,927 common shares of Tim Hortons, or approximately 26 per cent of the outstanding common shares of Tim Hortons, either made an election to receive a combination of cash and Restaurant Brands International common shares or did not make an election or were deemed not to have made an election and will receive the mixed consideration.
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