The company running the Chinese business of iconic Canadian coffee shop chain Tim Hortons agreed to go public through a merger with blank-check company Silver Crest Acquisition, Bloomberg reports. Silver Crest filed an 8-K today announcing the deal.
Tim Hortons China would list on the Nasdaq with a valuation of about $1.69 billion including debt, Silver Crest said in the filing. The deal is expected to close in the fourth quarter. Read more.