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U.S. hedge fund Scout steps up pressure on Tim Hortons

Reuters – Scout Capital Management, a U.S. hedge fund, said on Tuesday it is urging Canadian coffee and doughnut chain Tim Hortons to increase its debt levels in order to fund a share buyback, measures that Scout say should help drive up Tim Horton’s share price by as much as 100 percent from current levels.

The demands to Tim Hortons’ board by New York-based Scout Capital are similar those put forward by rival U.S. hedge fund Highfields Capital earlier this year.

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