Wendy’s to Assess Peltz-Led Group’s $7.35-Per-Share Buyout Offer
Wendy’s said it will evaluate Nelson Peltz’s Trian-led group’s offer, which values the fast-food chain at roughly $1.43 billion. Retail traders expect more offers to emerge.
Wendy’s Co. (WEN) stock is heading for its strongest weekly gain since June after the company said it will evaluate Nelson Peltz’s Trian-led investor group’s $ 7.35-per-share buyout offer, valuing the fast-food chain at roughly $1.43 billion. Retail traders are betting rival bidders could emerge, d…