Wendy’s Stock Jumps 15% After Trian Offers $7.35 A Share To Go Private
Photo: Coinpedia
Nelson Peltz wants Wendy’s back. His firm, Trian Fund Management, has offered $7.35 a share in cash for the burger chain, valuing it at about $1.4 billion, a regulatory filing showed on Wednesday. The price is 20% above Tuesday’s close. Wendy’s stock rose about 15% before the market opened. Trian is joined by BlueFive Capital, Sixth Street Partners and Flynn Group, one of Wendy’s biggest franchise operators. Trian and its affiliates already own 16.25% of the company. The offer arrives after two rough years.
Source: Coinpedia
