Tim Hortons may use M&A for growth

Tim Hortons, the listed Canadian donut and coffee chain, will consider using M&A for growth, according to an annual report released on 26 February.
The company stated: "We intend to evaluate other potential mergers, acquisitions, joint ventures, investments, strategic initiatives, alliances, vertical integration opportunities and divestitures when opportunities arise or our business warrants evaluation of such strategies."
The company stated it had CAD 1.25bn (USD 1.25bn) in revenue during 2007.