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12.05.26 - 20:18
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Nelson Peltz′s Trian Discussing Wendy′s Go-Private Takeover (ZeroHedge)
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Nelson Peltz's Trian Discussing Wendy's Go-Private Takeover
Shares of Wendy's jumped in premarket trading after the Financial Times reported that Nelson Peltz's Trian Fund Management is considering taking the hamburger chain private and is seeking investors to back the deal.
FT noted:
Trian in recent weeks has held discussions with outside investors, including in the Middle East, about financing a potential takeover of Wendy's, according to people familiar with the matter.
Earlier this year, Trian stated in a regulatory filing that Wendy's is "currently undervalued," fueling speculation that Peltz would push for significant changes.
FT's report continued:
Trian has not made a formal approach to buy Wendy's and there is no guarantee that the financing discussions will result in a takeover bid, the people said. Peltz pushed for Wendy's to consider strategic options in 2022 before backing down a year later.
Trian's possible take-private bid comes as Wendy's stock remains lock...
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12.05.26 - 18:06
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Under Armour Slides on Guidance Miss; Wendy′s Up on Private Operator Bid | Stock Movers (Bloomberg)
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On this episode of Stock Movers with Alexis Christoforous:
- Under Armour (UAA) shares are sliding after it forecast adjusted earnings per share for 2027 and the guidance missed the average analyst estimate.
- Wendy's (WEN) shares are gaining as Financial Times reports that Nelson Peltz's Trian Fund Management is seeking investor backing for a bid to take the burger chain operator private.
- Hims & Hers (HIMS) shares are lower after reporting a first-quarter loss and sales that missed Wall Street estimates due to higher costs associated with its strategic pivot to branded weight-loss medications. (Source: Bloomberg)...
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