• Restaurants

    Wendy’s – another day, another love letter

    Nelson Peltz, chairman of Triarc and Trian Funds, announced that Triarc is thinking about making a bid for Wendy’s. The fast food chain officially put itself up for sale in June, after officially thinking about putting itself up for sale in May, due to the gentle prompting of Highfields Capital, formely Wendy’s largest institutional shareholder. […]

    / Jul 3, 2007 at 11:05 AM
  • Restaurants

    Wendy’s now officially on 99 cent value menu

    Wendy’s is officially exploring a potential sale, with no buyer, no timetable and no rules (and this time, it’s personal). This is the groundbreaking resolution of Wendy’s secret strategic review committee, which issues decrees about as meaningful as the “color” of terror on any given day. Before, the company was only exploring strategic options, but […]

    / Jun 18, 2007 at 10:07 AM
  • Restaurants

    Mergin’ good in the neighborhood – Ihopplebees in the works

    Analysts remain skeptical, and scared, over yesterday’s announcement that IHOP offered $2bn for Applebees. Some analyst comments: “The merger will never go through for antitrust reasons. The resulting chain would be too American, and therefore subject to a host of patent violations.” “A combination of IHOP and Applebees would be an unstoppable force in the […]

    / Jun 14, 2007 at 11:41 AM
  • Restaurants

    How much is Outback worth?

    The bid for OSI Restaurant Partners, owner of the Outback Steakhouse chain, is creeping upwards due to pressure from major OSI institutional investors. Bain Capital and Catterton increased their initial bid of $40 a share ($3.1bn total) to $41.15 a share. This 2.9% bump still isn’t entirely satisfactory, as Lord Abbett (the #2 institutional shareholder […]

    / May 23, 2007 at 11:32 AM
  • Restaurants

    Krispy Kreme looks to expand, mostly waistlines, in all 50 states

    Krispy Kreme (NYSE: KKD) may be down from it’s 2003 share price of around $50, and down 24% this year alone, and still recovering from the decision to oversaturate the market with wide distribution, dieting trends in the Atkins fall-out, trans-fat issues, being a public face of “obesity epidemic” stories, a $75mm shareholder lawsuit that […]

    / May 15, 2007 at 12:30 PM
  • Restaurants

    Highfields begs Wendy’s to put itself on the 99 cent value menu

    Has anyone walked into a Manhattan Wendy’s lately (they can be tough to spot)? Aside from feeling like Vladimir (or Estragon, or even the dude on the leash) in the interminable queue, and wanting some bloodwork done (and possibly and STD test) after your meal, it’s clear to see that the place is slipping. This […]

    / May 11, 2007 at 8:52 AM

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