Wendy’s/Arby’s Latest Takeover Target — SEC
Wendy’s/Arby’s Latest Takeover Target — SEC
![Wendy's /Arby's Group for news Wendy's /Arby's Group for news](https://media.potatopro.com/wendys-arbys-group-logo-1200.jpg?width=1200&height=743&crop=smart&mode=crop)
Wendy’s/Arby’s Group Inc., the third-largest U.S. fast-food company, has become a stock takeover target, according to a filing made with the U.S. Securities and Exchange Commission (SEC).
Chairman Nelson Peltz advised the SEC that he had received an inquiry from an unidentified party expressing interest in such an acquisition, and he indicated that he is considering the matter as well as alternatives.
Publicly traded Wendy’s/Arby’s principal shareholder is Peltz’s Trian Fund Management LP, which owns about 23.5 per cent. The company’s present market value is about US$2 billion. In his filing, Peltz indicated that he “expects to contact and discuss a possible transaction involving [Wendy’s/Arby’s] with potential debt and/or equity financing sources, other shareholders of the company and other interested third parties.”
Chairman Nelson Peltz advised the SEC that he had received an inquiry from an unidentified party expressing interest in such an acquisition, and he indicated that he is considering the matter as well as alternatives.
Publicly traded Wendy’s/Arby’s principal shareholder is Peltz’s Trian Fund Management LP, which owns about 23.5 per cent. The company’s present market value is about US$2 billion. In his filing, Peltz indicated that he “expects to contact and discuss a possible transaction involving [Wendy’s/Arby’s] with potential debt and/or equity financing sources, other shareholders of the company and other interested third parties.”
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June 27, 2024