Trian prepares Wendy's delisting bid…shares up 12%

WEN Wendy's Co

$6.10 -0.33%

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1. 1Nelson Peltz's Trian is preparing a formal bid to take Wendy's (WEN) private, and the stock rose 12% following the report
2. 2A consortium that may include Abu Dhabi's Blue Five and the Flynn Group is involved, with Trian's combined stake exceeding 24%
3. 3A 7.0% decline in Q2 same-store sales and withdrawn guidance have compressed the enterprise value, making the take-private math more attractive

Source Barrons.com +3 · View original ↗

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