The Wendy’s is trading at $7.65 (+5.23%) as investors weigh a Trian-led group’s $7.35-per-share cash proposal to acquire shares it does not already own.
- The Wendy’s confirmed receipt of the non-binding offer and appointed an independent committee to evaluate it; completion is not assured.
- Q3 results are scheduled for November 5, so the November 4 price move precedes the report.