Wendy's Shares Plunge 13% Premarket as Trian Shelves Take-Private Bid
According to Stocktwits, Wendy's Co (WEN) shares plunged 13% premarket Thursday after reports indicated Nelson Peltz's Trian Fund Management has shelved its take-private plans for the burger chain, citing valuation and performance concerns. Trian and Peltz collectively own more than 24% of Wendy's,
WEN-2.52%
GateNews·08-27 09:13
