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Wall Street Breakfast Podcast: Saving Wendy's Bacon(Ator)
Source: seekingalpha.com
M&A & RestructuringCorporate EarningsCompany Fundamentals
Wendy’s shares surged 15% after Trian Fund Management offered $7.35 per share in cash, a 20% premium, to acquire the company. Trian holds a 16.3% stake and is leading a consortium with Flynn Group, BlueFive Capital, and Sixth Street Partners; the proposed deal requires no new debt.
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moderately positive
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