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Wendy's Completes Tim Hortons Spinoff.

The America's Intelligence Wire

| October 02, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From FinancialWire)

Byline: MIKHAIL SAVINOV

FinancialWire-2 October 2006-Wendy's Completes Tim Hortons Spinoff (C)2006 Investrend Communications, Inc.

October 2, 2006 (FinancialWire) Wendy's International, Inc. (NYSE: WEN) has completed its spinoff of Tim Hortons Inc. (NYSE: THI) by distributing 159,952,977 common shares of the Canadian donut chain.

The shares represented the 82.75% ownership stake of Tim Hortons that Wendy's held following the initial public offering of Tim Hortons in March.

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