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Stock Market & Financial Investment News

News Breaks
March 13, 2014
06:51 EDTTHITim Hortons upgraded to Buy from Hold at KeyBanc
KeyBanc upgraded Tim Hortons based on valuation and increased confidence it can grow SRS in the Canadian market and that accelerating growth should drive increased capital deployment. Price target is $75.
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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