Trian Partners Propose $1.4B Acquisition to Take Wendy’s Private
Wendy’s shares rose 15% on Wednesday after Trian Fund Management and its partners proposed acquiring the fast-food chain for about $1.4 billion.
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02:49:17 PM UTC
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What happened? Shares of fast-food chain Wendy’s NASDAQ:WENjumped 15% in the morning session after The Wall Street Journal reported that Trian Fund Management submitted a $1.4 billion take-private proposal to acquire the company.According to the report, the proposal values Wendy's at $7.35 per shar…
Shares of Wendy’s (WEN) shot up 15% on Wednesday after billionaire investor Nelson Peltz’s Trian Fund Management and its partners proposed acquiring the fast-food chain for about $1.4 billion.According to an SEC filing, Trian, along with restaurant operator Flynn Group and investment firms BlueFive…