6/19/2013

New York-based Scout Capital Management has taken a 5.5% equity stake in Canadian coffee and doughnut chain Tim Hortons, making it the second-largest shareholder and the second US hedge fund hinting that it plans to pressure the chain to make moves to maximize shareholder value. In March, shareholder Highfields Capital Management met with management and followed up with a letter to Chairman Paul House questioning the chain's pricey US expansion plans.

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