|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.
|Hedge Fund Lists|