Wendy's falls 14.8% after hours on Triarc's going-private withdrawal

WEN Wendy's Co

$6.31 +1.28%

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1. 1Wendy's (WEN) shares plunged 14.8% in after-hours trading on Wednesday
2. 2The drop came right after reports that Triarc, a roughly 16% shareholder, is not currently pursuing a going-private acquisition
3. 3With the early-month 14.7% surge momentum unwinding, focus shifts back to standalone earnings execution

Source Investing.com +2 · View original ↗

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