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Tim Hortons shares climb as activist hedge fund demands change

The Globe And Mail – Shares of Tim Hortons Inc. climbed today as the doughnut and coffee king comes under attack from an activist hedge fund holding some 4 per cent of its stock.

Highfields Capital, which holds more than 6 million shares, is pushing Tims to hold the line on its U.S. operations, rather than expand them, and boost profitability through other means, as well.

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