STEVENSON, Md.--(BUSINESS WIRE)-- The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Tim Hortons Inc. (“Tim Hortons” or the “Company”) (NYSE: THI) relating to the proposed buyout of the Company by Burger King Worldwide Inc. (“Burger King”).
On August 26, 2014, Tim Hortons and Burger King announced the signing of a definitive merger agreement pursuant to which Burger King will acquire Tim Hortons in a transaction valued at approximately $11 billion.
Under the terms of the transaction, shareholders of Tim Hortons may elect to receive either: $66.50 Canadian (approximately $59.74 USD) and 0.8025 of a Burger King share for each share of Tim Hortons they own; or $88.50 Canadian per share, or 3.0879 shares of the new company for each share of Tim Hortons they own.
The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into the transaction, and whether Burger King is underpaying for Tim Hortons shares.
If you currently own common stock of Tim Hortons and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at firstname.lastname@example.org or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
Source: Brower Piven, A Professional Corporation