CHICAGO (Reuters) - Wendy's International Inc. on Friday said it would sell up to 18 percent of its Tim Hortons doughnut chain in an initial public offering, sending its stock to an all-time high.
The No. 3 U.S. hamburger chain, which will also close some of its U.S. Wendy's restaurants and sell some real estate to franchisees, said it hopes to complete the IPO of 15 to 18 percent of Tim Hortons by the end of the 2006 first quarter.
IK - I'll take 500 shares. And throw in a crueller too. Time to liberate the only Canadian Institution that matters anymore.
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