Hortons prices offering; $672 mm deal

Tim Hortons priced its IPO at $23.16 this evening. Look for a pop tomorrow.

• "The company sold 29 million shares at $23.16 per share, netting $671.6 million. The estimated price range was $22 to $24 per share, which was increased Monday from a previous target of $18 to $20 per share."
• Wendy's will retain 85% of the Company