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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Terry Maloney who wrote (423887)5/1/2013 3:08:15 PM
From: MythMan  Read Replies (2) of 436258
 
Exclusive: Highfields Capital raises stake in Tim Hortons - source
REUTERS — 12:43 PM ET 05/01/13

NEW YORK (Reuters) - Highfields Capital Management has increased its stake in Canadian coffee and doughnut chain Tim Hortons from 1.5 percent to around 4 percent this year, a source familiar with the situation told Reuters Wednesday.

A Highfields spokeswoman declined to comment. A Tim Hortons spokesman was not immediately available for comment.

Hedge fund Highfields Capital, which has a track record of bringing about change at other firms, wants Tim Hortons to boost returns through debt-funded share buybacks and a scaling back of U.S. expansion plans, according to documents seen by Reuters and two sources familiar with the matter.

Reuters first reported the news of Highfields' behind-the-scenes agitation Tuesday night.<<

You guys can't play nice up there? -g-
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