Scout Capital Management’s Appetite for Activism Grows with Restaurant Stakes

June 27th, 2013
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Scout Capital Management is sinking its teeth deeper into two popular restaurant chains with an eye towards influencing the senior management of both. As reported by Institutional Investors Alpha, Scout Capital has filed two 13Ds with the SEC indicating it has acquired a minimum of 5 percent of the stock in Tim Hortons, Inc, and DineEquity which owns Applebee’s Neighborhood Grill and the International House of Pancakes.

The 5.5 percent stake in Tim Hortons taken by Scout Capital Management follows a 4 percent stake taken by Highfields Capital Management earlier this year. Both hedge fund firms have entered into discussions with Tim Hortons’ senior management regarding structural and financial management changes, and Scout Capital Management has done the same with DineEquity’s senior management.
For Detailed Investor Profiles on these Investors, click below:
Highfields Capital Management
Scout Capital Management*
Related People: Adam Weiss; James Crichton; Jonathan S. Jacobson; Richard L. Grubman
Related Entities: Highfields Associates LLC; Highfields Capital Hedge Fund; Highfields Capital Ltd; Scout Capital Fund; Scout Capital Fund II; Scout Capital Partners; Scout Capital Partners II; Scout Family Partners
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles

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