Silver Crest Acquisition Corp. (SLCR) to Combine with Tim Hortons China in $1.79Bn Deal

Silver Crest (NASDAQ:SLCR) has entered into a definitive agreement to combine with Tim Hortons China at an enterprise value of $1.79 billion or 3.9x its 2023E revenue. Tims China is the subsidiary of Canadian convenience store brand Tim Horton’s (NYSE:THI), selling coffee and confectionary goods through about 388 stores. The combined company is expected to
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