• 24 Apr 2008 at 11:45 AM

Nelson Is Appeased

By Equity Private

Following up on our exclusive, breaking, 13D news insight, we now bring you the news that after sufficient sacrifice on the activist altar, Wendy’s antagonist is, for the moment, appeased.
You can’t really blame Wendy’s for being a reluctant target. At one time the firm was expecting as much as $4 billion cash offers from potential suitors. Trian and Triarc (Peltz’ hedge funds) were offering just $900 million in cash and the rest in stock, or a combination with Arby’s.
Wendy’s to Unveil Deal With Peltz [WSJ]
Nelson Is Angry [DealBreaker]

Comments (1)

  1. 1
    Posted by guest | April 24, 2008 at 12:50 PM

    Yahoo should pay attention to this, if mr. softie drops the bid, there might be no takers for YHOO.
    MSFT should drop the bid and give a $4 dividend to all MSFT shareholders, will add 0.5% to GDP. Bernake, call MSFT and make it happen.

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