Meeting sought on Wendy’s
From Times Wire Services
Billionaire investor Nelson Peltz, who controls 9.8% of Wendy’s International Inc. stock, said the hamburger chain had rejected two offers to be purchased, prompting his Trian Partners to seek a special shareholder meeting to discuss the company’s future.
Wendy’s board formed a committee a year ago to determine how to increase its stock price. One option could include a sale.
Wendy’s said that it rejected both offers because they were inadequate and that Trian had been misleading investors.
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