Pivotal Point Tracking The Wendy’s Company (WEN): Fast-Food Chain on the Verge of a Takeover by Major Shareholder Nelson Peltz?
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The Wendy’s Company operates and franchises over 7,000 fast-food restaurants worldwide. Known for its square burgers and Frosty desserts, the company is in fierce competition in the system gastronomy market. On May 12, the stock surged significantly. The reason was reports that billionaire activist Nelson Peltz is raising capital for an official takeover bid for the struggling chain. Just days earlier, Wendy's impressed with quarterly revenue of $540.6 million (+3.3% year-over-year), while adjusted earnings per share beat estimates at $0.12. ...
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