Wendy's Stock Soars on Reports of Nelson Peltz Takeover Bid
Wendy's shares surged after reports indicated that billionaire activist investor Nelson Peltz's Trian Fund Management is preparing a take-private bid for the burger chain.
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Wendy’s Shares Jumps On Peltz Bid News
Bloomberg's Matt Monks joins Romaine Bostick on "Bloomberg Deals." Shares of Wendy’s jumped to their highest in seven weeks after the Financial Times reported that Nelson Peltz’s Trian Fund Management is preparing a bid to take the struggling fast-food chain private. (Source: Bloomberg)
Read full article →Investor Nelson Peltz prepares bid for US burger chain Wendy’s
Trian Fund Management, BlueFive Capital and Flynn Group could submit offer in the coming weeks
Read full article →Wendy's stock jumps on report of potential takeover bid from Nelson Peltz's Trian Fund Management
Peltz's relationship with Wendy's dates back to an activist campaign he led more than two decades ago.
Read full article →Wendy's Stock Soars 12% As Billionaire Investor Nelson Peltz Reportedly Plots Take-Private Deal
Wendy’s shares also rallied in June following a Reddit-fueled meme-stock frenzy.
By Mary Whitfill Roeloffs, Forbes Staff
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