CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Wendy's up as Q3 results beat estimates, rejects Trian-led buyout offer

By Reuters News

** Shares of fast-food chain Wendy's WEN.O rise ~2% to $7.81 premarket

** Co says its independent committee rejected the $1.4 billion take-private buyout offer by billionaire Nelson Peltz's Trian Fund Management

** Peltz and several partners offered to buy WEN in October, arguing that the struggling fast-food chain needs a turnaround that would be best achieved out of the public eye

** Wendy's adopts one-year shareholder rights plan after rejecting Trian-led group's $7.35/share proposal; plan triggers at 15% ownership threshold

** Trian declines Reuters request for comment

** Co also reports third-quarter results

** Reports Q3 revenue of $547 million, beating analysts' estimates of $530.5 million - data compiled by LSEG

** Posts quarterly adjusted EPS of 13 cents, versus expectations of 9 cents

** Up to last close, WEN down about 8% YTD

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.