Wendy's Stock Jumps as Peltz Returns With $1.4 Billion Cash Bid
Wendy’s stock umps 15% after Nelson Peltz’s Trian offered $1.4B, or $7.35/share, to acquire the fast-food chain at a 20% premium.
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Why It Matters
A rich investor named Nelson Peltz wants to buy Wendy's for $1.4 billion. He is offering more money than the stock was worth before.
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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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