Blackwells Issues Statement on Trian’s $7.35 Per Share Proposal to Acquire The Wendy’s Company
Blackwells Capital, a Wendy's shareholder, issued a statement urging the board to reject Trian's $7.35-per-share cash take-private proposal as filed. Blackwells argues the offer conflicts because Nelson Peltz — Chairman Emeritus and a director since 1993 — presided over a 72% dividend cut, six straight quarters of declining U.S. same-store sales, and a roughly two-thirds share-price decline, and Trian proposes to keep its 16.3% stake rather than sell, letting the deal close with support from only about four in ten unaffiliated shares.
Key figures
- Offering Price
- 7.35
- Trian stake pct
- 16.3%
- Dividend cut pct
- 72%
- August trade price
- $9.04
- Stock two years ago
- $20
- Insider vote threshold
- transaction can close with support of roughly four in ten unaffiliated shares given Trian's rollover
AI analysis
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