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Article: Interest in Tim Hortons sale brews: Stock shares likely to begin trading Friday.
- Article from:
- The Columbus Dispatch (Columbus, OH)
- Article date:
- March 23, 2006
CopyrightCOPYRIGHT 2006 The Columbus Dispatch. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Barnet D . Wolf
Mar. 23--Shares in Tim Hortons are expected to begin trading Friday as investor interest in the Wendy's International Inc. subsidiary builds.
The coffee-and-doughnut chain, based in Canada, boosted the price of its initial public offering by 20 percent this week, a sure sign of strong demand.
"They wouldn't do this unless there's evidence that investors are showing enthusiasm for the stock," said David Menlow, president of IPOFinancial.com, a New Jersey company that tracks new stock offerings.
The final price of the offering is expected to be set tonight.
Tim Hortons plans to sell 29 million shares at ...