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Article: Tim Hortons Inc. resumes Share Repurchase Program; Expects to repurchase up to $150 million in shares by March 1st, 2010.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Tim Hortons Inc. (TSX: THI, NYSE: THI) announced the Board of Directors has approved resumption of the previously announced share repurchase program, commencing in the fourth quarter. The Company currently expects to spend up to $150 million during the remainder of the program until it terminates on March 1st, 2010.
The Company announced in May this year its decision to defer further purchases in its share repurchase program, pending a change in corporate structure, which was subject to shareholder approval at that time. As a result of the subsequent completion of the reorganization as a Canadian public company, the Board has approved resumption of the previously ...