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There’s an Offer on the Table for Wendy’s at a ‘Crucial’ Moment
Shares of Wendy’s rose today on news of a take-private offer.
Credit: Marcin Golba / NurPhoto via Getty Images
Key Takeaways
Trian Partners offered $7.35 cash per Wendy’s share, a roughly 20% premium to yesterday’s close
Wendy’s shares rose today, but remain down about 11% this year.
Squareburger maker Wendy’s recently announced an $8 combo meal. It has a much bigger deal to contemplate today.
A group including billionaire Nelson Peltz’s Trian Partners, which in a regulatory filing said it controlled more than 16% of Wendy’s (WEN), this morning said it would offer $7.35 per share in cash for…
The skinny
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