Wendy's Traders Smell a Buyout Cooking — Nelson Peltz Preps a Bid
Wendy's stock climbs as traders digest a report from the FT that Nelson Peltz is prepping a buyout bid to take the company private.
A famous investor named Nelson Peltz is thinking about buying Wendy's to make it private (not owned by regular stock buyers anymore). People who trade stocks think this might be good news, so they're buying Wendy's shares and pushing the price up.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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