03:46 PM EST - Tim Hortons Inc. : announced voting results on a proposed merger transaction to reorganize the company as a Canadian public company, before its stockholders at the Special Meeting of Stockholders. The company stated that approximately 74% of the 180,680,748 common shares of the company entitled to vote at the meeting were voted, with approximately 99% in favor of the transaction. THI Mergeco Inc., a wholly-owned subsidiary of the company, a corporation incorporated under the Canada Business Corporations Act, will merge with and into Tim Hortons Inc.'s existing public company, incorporated under the laws of the State of Delaware. As a result of the reorganization, the new Canadian public company, also known as Tim Hortons Inc., which is currently a wholly-owned subsidiary of the existing public company, will become the parent company of Tim Hortons group of companies. The company expects the merger and reorganization to become effective on September 28. Tim Hortons Inc.
shares T.THI are trading down $0.33 at $30.42.
