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Stock Market & Financial Investment News

News Breaks
February 20, 2014
07:35 EDTTHITim Hortons authorizes new share repurchase program for up to $440M
Tim Hortons plans to commence a new share repurchase program for up to $440M in common shares. The company has obtained regulatory approval from the TSX to commence a new share repurchase program, not to exceed the regulatory maximum of 13,726,219 shares, representing 10% of the company's public float as of February 14. The bid is planned to commence on February 28 and is due to terminate on the earlier of February 27, 2015 or the date the maximum share or dollar amount is reached.
News For THI From The Last 14 Days
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November 26, 2014
08:20 EDTTHIAckman says Herbalife short thesis reinforced by recent developments
"Recent developments at Herbalife reinforce our short thesis that HLF is an illegal pyramid that will collapse or otherwise be shut down by regulators," Bill Ackman stated in Pershing Square Holdings' quarterly letter to shareholders, which was released last night. "We continue to believe that the expiration of HLF’s $1.15B credit facility in 2016 is a potential catalyst for further stock price declines, as we are skeptical that the company will be able to access the credit markets in order to refinance or replace this facility," Ackman added. In the letter, Ackman also confirmed that the fund is currently doing due diligence on Actavis (ACT) to determine whether it should remain a long-term holder following the company's deal to acquire Allergan (AGN), noting that Pershing had recently met with the CEO of Actavis and were "impressed with him and his business plan for the combined company." Remarking on some of his other notable holdings, Ackman stated that Canadian Pacific’s (CP) transformation has been "nothing short of remarkable," that he believes the acquisition of Tim Hortons (THI) will create significant long-term value for Burger King (BKW) shareholders, and that early returns from Air Products' (APD) transformation are "promising."
November 24, 2014
06:36 EDTTHICanada to decide on Tim Hortons, Burger King deal by Dec. 25, Reuters says
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November 20, 2014
11:58 EDTTHIKeurig Green Mountain sinks after Q1 outlook disappoints, CFO reports departure
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