News
Tim Hortons reaffirms IPO plans
March 13, 2006
DUBLIN, Ohio— Canadian coffee and doughnut chain Tim Hortons Inc. reaffirmed its plans for its upcoming initial public offering, saying it will offer 29 million shares of common stock in a range of $18 to $20 a share.
Wendy's International Inc. will continue to own about 85 percent of Tim Hortons' common stock, or about 160 million shares, after the IPO, according to a March 13 regulatory filing. Wendy's stake could be reduced to about 83 percent if the IPO's underwriters fully exercise an overallotment.
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