(Reuters) - But Peltz said if Wendy's did not agree to a confidentiality
agreement that he proposed by the end of the day on Wednesday,
Triarc would consider other alternatives.
Wendy's shares closed at $33.69 on Monday, and Peltz' offer
represents a roughly 10 percent to 22 percent premium to that
price.
Read more at Reuters.com Mergers News
agreement that he proposed by the end of the day on Wednesday,
Triarc would consider other alternatives.
Wendy's shares closed at $33.69 on Monday, and Peltz' offer
represents a roughly 10 percent to 22 percent premium to that
price.
Read more at Reuters.com Mergers News
1 comment:
Also noteworthy, the chairman of Triarc's asset management business is also a director at Wendy's, which should prove to be convenient in striking up a deal (see NewsVisual's article: http://www.newsvisual.com/newsvisual/2007/07/triarc-and-wend.html)
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