The Wendy's Company Confirms Receipt of Unsolicited Proposal from Trian Partners
Wendy's confirmed receipt of an unsolicited, non-binding proposal from Trian Partners, Flynn Group, BlueFive Capital and Sixth Street to acquire all shares not already owned by the group for $7.35 per share in cash. The board formed a committee of independent directors to evaluate the proposal with Morgan Stanley as financial advisor and Simpson Thacher as legal counsel; the company cautioned there is no assurance any deal will be pursued or consummated.
Key figures
- Deal Value Usd
- 0
- Offering Price
- 7.35
- Proposal type
- unsolicited, non-binding, partial (excludes Investor Group's existing stake)
- Proposal price
- $7.35 per share in cash
AI analysis
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