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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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October 28, 2014
12:49 EDTTHIBurger King, Tim Hortons deal cleared by Canadian Competition Bureau
The Canadian Competition Bureau announced that it has issued a No Action Letter with respect to Burger King’s (BKW) acquisition of Tim Hortons (THI). The bureau concluded that this transaction is unlikely to result in a substantial lessening or prevention of competition due to, among other things, the existence of a large number of competitors and the low barriers to entry in the fast food industry. The transaction is subject to other regulatory approvals. A NAL confirms that the bureau has reviewed a specific proposed transaction and concluded that it will not, at this time, challenge that proposed transaction before the Competition Tribunal under the mergers provisions of the Competition Act. Reference Link

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