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Investor Makes A New Offer To Buy Wendy’sDUBLIN, Ohio, Nov. 13 (AP) — The investor Nelson Peltz submitted an offer to buy Wendy’s International, but the price was below what he previously said the hamburger chain was worth, according to a regulatory filing Tuesday. Mr. Peltz’s Triarc Companies submitted the bid Monday, according to the filing by his hedge fund, Trian Fund Management. In July, Triarc was prepared to make an offer to buy Wendy’s for $37 to $41 a share, or $3.2 billion to $3.6 billion. The filing said Triarc’s proposed price was below the range indicated then. Shares closed Monday at $31.65. The filing did not indicate what the new offer was. Tag CloudExternal InformationAdditional InformationRising Price of Electricity Sets Off New Debate on Regulation...SunTrust Banks to Cut 2, 400 Jobs... A venture that offers liquidity, if little else... Murdoch vs. Regan: Hollywood Girds for Latest Boldface Battle of Egos... Where Am I?News Main Page - Business - Investor Makes A New Offer To Buy Wendy’s |
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