(Reuters) - LOS ANGELES, July 30 - Billionaire Nelson Peltz
said on Monday his Triarc Cos. Inc. could offer up to
$41 a share for Wendy's International Inc. , but would
consider other alternatives if the struggling hamburger chain
did not sign his confidentiality agreement by Wednesday.
In a letter to Wendy's Chairman James Pickett, Peltz said
Arby's parent Triarc would be willing to pay between $37 and
$41 a share for Wendy's -- a roughly 10 to 20 percent premium
to the company's closing share price of $33.69 on Monday.
Read more at Reuters.com Bonds News
said on Monday his Triarc Cos. Inc. could offer up to
$41 a share for Wendy's International Inc. , but would
consider other alternatives if the struggling hamburger chain
did not sign his confidentiality agreement by Wednesday.
In a letter to Wendy's Chairman James Pickett, Peltz said
Arby's parent Triarc would be willing to pay between $37 and
$41 a share for Wendy's -- a roughly 10 to 20 percent premium
to the company's closing share price of $33.69 on Monday.
Read more at Reuters.com Bonds News
No comments:
Post a Comment