Peltz airs possibility of a $3.2B-$3.5B bid for Wendy's

NEW YORK Wendy’s International Inc. stockholder Nelson Peltz said Monday that his restaurant company, Arby’s parent Triarc Cos. Inc., is prepared to offer between $3.2 billion and $3.5 billion for the outstanding shares of Wendy’s stock, or $37 to $41 per share.

                                Such an offer would amount to a 9.8-percent to 21.7-percent premium over Wendy’s closing price on Monday of $33.69.                            

       

Register to view the full article

Register to view this article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish