Wendy's, struggling with beef prices and growing competition, gets a buyout offer
· apnews.com · popularity 36/100 · 0 similar stories today · Grocery & Food Industry (Food, Drink & Agriculture)
Read the original at apnews.com →
Summary
Wendy’s shares jumped 15% at the opening bell Wednesday after noted investor Nelson Peltz made an offer to buy the chain, which has been struggling with high beef prices and aging stores. Peltz’s Trian Fund Management and several partners are offering Wendy’s $7.35 per share in cash, or a premium of …
Found in: Investing. Rating basis: single outlet; outlet tier 5; 1 feeds; feed position 16.