|[August 26, 2014]
SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Tim Hortons Inc. In Connection With The Proposed Sale Of The Company To Burger King Worldwide Inc.
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of Tim Hortons Inc. ("Tim Hortons" or the "Company") (NYSE:
THI) relating to the proposed buyout of the Company by Burger King
Worldwide Inc. ("Burger King").
On August 26, 2014, Tim Hortons and Burger King announced the signing of
a definitive merger agreement pursuant to which Burger King will acquire
Tim Hortons in a transaction valued at approximately $11 billion.
Under the terms of the transaction, shareholders of Tim Hortons may
elect to receive either: $66.50 Canadian (approximately $59.74 USD) and
0.8025 of a Burger King hare for each share of Tim Hortons they own; or
$88.50 Canadian per share, or 3.0879 shares of the new company for each
share of Tim Hortons they own.
The firm's investigation seeks to determine, among other things, whether
the Company's Board of Directors breached their fiduciary duties by
failing to maximize shareholder value before agreeing to enter into the
transaction, and whether Burger King is underpaying for Tim Hortons
If you currently own common stock of Tim Hortons and would like to learn
more about the investigation being conducted by Brower Piven, without
cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at email@example.com
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
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