Thomson ReutersJune 17, 2013 19:32
TORONTO (Reuters) - Restaurant chain Tim Hortons Inc <THI.TO>, which recently outlined plans to address the concerns of activist investor Highfields Capital, now faces pressure from another activist investor.
Scout Capital Management, a U.S. hedge fund, disclosed on Monday that it has raised its stake in the Canadian chain. The fund now owns 5.5 percent of Tim Hortons' stock, up from about 1.5 percent, as of the end of March.
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