Tim Hortons is seeking to start a new share buyback program for a total of about $445 million in common shares, RTT News reports. The Canadian fast food services provider has also obtained regulatory approval from the Toronto Stock Exchange for the same. The 2011 repurchase program represents $200 million in cash flow generation and cash-on-hand and up to $245 million from the remaining undistributed net proceeds from the Maidstone Bakeries sale in October 2010. The offer may start on March 3, 2011 and is due to terminate on March 2, 2012.
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