Major Wendy’s Franchisee Files for Chapter 11 Bankruptcy
Meritage, operator of 314 Wendy’s restaurants, filed for bankruptcy protection and is seeking financing to keep stores open.
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No Wendy’s Buyout for Now, Sources Say Trian Is Standing Down
Sources say Trian is not preparing a buyout of Wendy’s after takeover speculation lifted the shares to a nine-month high.
Wendy’s Shares Surge as Nelson Peltz Prepares Take-Private Bid
Trian Fund Management is preparing a take-private bid for Wendy’s, potentially backed by BlueFive Capital and Flynn Group in the coming weeks.
Wendy’s Cuts Dividend and Withdraws Guidance After Sharp Same-Store Sales Decline
CEO Bob Wright cuts dividend 50% and outlines five-point recovery plan.
Wendy’s Surges in Premarket as Retail Traders Launch “Save Wendy’s” Meme Campaign
High short interest, new CFO appointment, and activist investor Trian fuel the rally.
Nelson Peltz Is Trying to Buy Wendy’s and Take It Private
Nelson Peltz is exploring buying Wendy’s to take it private as its stock has fallen sharply, but no deal is confirmed yet.