U.S. hedge fund Scout Capital Management disclosed on Monday that it has raised its stake in the Canadian chain to 5.5 percent, up from about 1.5 percent as of the end of March.
The fund said it has engaged and plans to continue to engage in discussions with Tim Hortons' senior management on matters relating to its capital structure, capital expenditures, timing and magnitude of share repurchases, management compensation and other matters.
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