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Canadian fast food chain Tim Hortons sets terms

February 27, 2006
THI

Tim Hortons, the largest quick service restaurant (QSR) chain in Canada, announced Monday evening that it will offer 29.0 million shares at a range of $18 to $20. Assuming the stock prices at the midpoint, the Ontario-based company will have an initial market capitalization of $3.6 billion. Timing has yet to be determined.