Nelson Peltz is offering to buy Wendy's (NYSE:WEN), but no one seems to want to say for how much. According to TheStreet.com,"in a Securities and Exchange Commission filing Tuesday, Triarc (NYSE:TRY) said it submitted an offer Monday to buy all of Wendy's shares, primarily with cash."
Peltz had indicated that he thought Wendy's was worth between $37 and $41 a share when he started talking to the company in July. The shares now trade below $32, so investors should not expect much of a premium.
Douglas A. McIntyre is an editor at 247wallst.com.
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11-14-2007 @ 1:42AM
Wayne Ming said...
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