Silver Crest Acquisition in a proxy filing called an Aug. 18 meeting for shareholders to vote on whether to combine with TH International Limited — the parent company of the exclusive master franchise of Tim Hortons coffee shops for Restaurant Brands International.
The deal was announced nearly a year ago. In the time since, the parties rounded up an additional $100 million to supplement a $94.5 million PIPE.
If Silver Crest shareholders approve the transaction, THIL will continue as the parent/public company and will retain the name TH International Limited. Tim Hortons China would list on the Nasdaq with a valuation of about $1.69 billion, including debt. Read more.
