Silver Crest Acquisition today in a regulatory filing said it and TH International Limited agreed to extend their merger agreement until Aug. 30. THIL is the parent company of the exclusive master franchise of Tim Hortons coffee shops for Restaurant Brands International.
If the merger does not close by the new deadline, either party may terminate the deal, which was announced in August 2021.
If Silver Crest shareholders approve the trasnaction, THIL will continue as the parent/public company and will retain the name TH International Limited with a Nasdaq listing under THCH. The combined company would have a valuation of $1.69 billion. Read more.
