Nelson Peltz's activist investment firm Trian Partners recently filed a 13D with the SEC regarding their stake in Wendy's (WEN). Per the filing, they will be reducing their Wendy's (WEN) stake. The company is buying back shares, including $211 million from Trian.
Trian's plan is to reduce their stake in Wendy's down from their current almost 25% to between 17% and 19.68% in the next couple of months. In addition to selling shares in the buyback program, they'll also divest shares via the open market or other transactions.
Per Google Finance, Wendy's is "a quick-service restaurant company in the hamburger sandwich segment."
Friday, June 5, 2015
Peltz's Trian Fund Reduces Wendy's Stake
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