Trian Fund Management Proposed Deal Would Provide All-Cash Consideration To Wendy's Shareholders, Funded By Trian Group

By Reuters News

- Wendy's Co WEN.O:

  • TRIAN FUND MANAGEMENT: PROPOSED DEAL WOULD PROVIDE ALL-CASH CONSIDERATION TO WENDY'S SHAREHOLDERS, FUNDED BY TRIAN GROUP - FILING

  • TRIAN: SUBMITTED TO WENDY'S A NON-BINDING PROPOSAL FOR A PRICE OF $7.35 PER SHARE IN CASH

  • TRIAN FUND MANAGEMENT: PROPOSED DEAL FOR WENDY'S WOULD BE FUNDED TOGETHER WITH FLYNN AND BLUEFIVE CAPITAL, SIXTH STREET PARTNERS, OTHERS

  • TRIAN: SUBMITTED TO WENDY'S A NON-BINDING PROPOSAL FOR A PRICE OF $7.35 PER SHARE IN CASH

  • TRIAN: ANTICIPATE WENDY'S EXISTING SECURITIZATION FINANCING WOULD REMAIN IN PLACE FOLLOWING CLOSING - SEC FILING

  • TRIAN FUND MANAGEMENT: TRIAN GROUP INTENDS TO ROLL OVER SHARES IT BENEFICIALLY OWNS, IN RELATION TO PROPOSED WENDY'S DEAL

  • NELSON PELTZ REPORTS 16.23% STAKE IN WENDY'S AS OF OCT. 28 - SEC FILING

Further company coverage: WEN.O

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