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Tim Hortons pressed by a second hedge fund, shares jump

Reuters – Canada’s Tim Hortons Inc (THI.TO) is under mounting pressure from activist investors to boost shareholder value a few weeks before a new CEO takes over after a second hedge fund said it had amassed a big stake in the coffee and doughnut chain.

Tim Hortons shares jumped more than 4 percent on Tuesday after New York-based Scout Capital Management said it boosted its investment to 5.5 percent and met with management to discuss issues such as capital structure.

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