Nelson Peltz Offers to Take Wendy’s Private as Shares Jump
Wendy’s shares jumped 15% at Wednesday’s opening bell after activist investor Nelson Peltz launched a bid to take the struggling burger chain private. Through his Trian Fund Management and a group of partners, Peltz has offered $7.35 per share in cash, representing a premium of nearly 19% over Tuesday’s closing price. The offer, which totals … Read more