Quote:
Originally Posted by Cactus Jack
Tim Hortons has been owned for a number of years by Wendy's and then a US holdings company but last month they applied to be released and purchased by a Canadian holdings company and it looks like that is going to happen. They will be Canadian again soon.
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One step in between there: Wendy's owned Tim Hortons, but a few years ago they spun Tim Hortons into its own corporate entity and this allowed Tim Hortons to have its own IPO. The belief at the time was that Wendy's Restaurants were holding back Tim Hortons potential stock value, so they spun it off to recoup that value.
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