Tim Hortons merged with Wendys, didn't sell it off to Wendys. Ron Joyce (former Hamilton cop) owns a large part of its share, even gained more when Dave Thomas died.
I read about a few weeks ago there's a bunch of investors thinking separating Tim Hortons and Wendys to further maximize their profit.
Quote:
Investor group buys stake in Wendy's
COLUMBUS, Ohio - For the third time in less than a month, an investor group has purchased a big stake in Dublin-based Wendy's International.
A division of Dutch bank ABN Amro revealed in a filing with the Securities and Exchange Commission that it now owns nearly 5.7 million shares, or more than 5 percent, of the hamburger chain's stock.
The purchase follows similar moves by two private-investment groups.
Jay Anand, a business professor at Ohio State University, said these investors likely see an opportunity to boost Wendy's stock price, perhaps by pressing management to sell its Tim Hortons or Baja Fresh chains.
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So it could go back into Canadian hands in the future.