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BUSINESS
February 12, 2008 | From Reuters
Nelson Peltz's Trian Partners said Monday that it was attempting to gain control of the board at hamburger chain Wendy's International Inc., which it is trying to buy. Trian Partners said in a regulatory filing Monday that it had notified Wendy's of its intention to expand the board and to nominate director candidates at Wendy's upcoming annual shareholders' meeting. If successful, Trian would seize control of Wendy's board. Billionaire investor Peltz's Triarc Cos.
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BUSINESS
February 12, 2008 | From Reuters
Nelson Peltz's Trian Partners said Monday that it was attempting to gain control of the board at hamburger chain Wendy's International Inc., which it is trying to buy. Trian Partners said in a regulatory filing Monday that it had notified Wendy's of its intention to expand the board and to nominate director candidates at Wendy's upcoming annual shareholders' meeting. If successful, Trian would seize control of Wendy's board. Billionaire investor Peltz's Triarc Cos.
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CALIFORNIA | LOCAL
January 19, 2006 | From Times Staff and Wire Reports
The Nevada couple who pulled the finger-in-the-Wendy's-chili scam were sentenced Wednesday to stiff prison sentences. Anna Ayala, 40, who said she bit into the digit, was sentenced to nine years. Her husband, Jaime Plascencia, 44, who obtained the finger from a co-worker who had lost it in a workplace accident, was sentenced to more than 12 years.
BUSINESS
November 15, 2007 | From Times Wire Services
Nelson Peltz's Triarc Cos. made an offer for Wendy's International Inc. that was less than the $3.2 billion the investor said he might pay in July. Peltz's bid makes it unlikely that Wendy's will accept his offer, analysts and investors said. The billionaire, who has pressured Wendy's management to boost its stock price since buying a stake in 2005, made the offer after the third-largest U.S. hamburger chain said a possible sale was being delayed by turmoil in credit markets last month.
BUSINESS
August 9, 1989 | SKIP WOLLENBERG, Associated Press
R. David Thomas, the hamburger restaurant chain founder starring in the new Wendy's commercials, has no interest in elbowing Chrysler's Lee A. Iacocca aside as one of America's best known executive pitchmen. The beefy high school dropout who amassed a fortune peddling fast food said he'd just as soon retreat to corporate obscurity if Wendy's ad makers could devise an alternative campaign that would sell hamburgers.
CALIFORNIA | LOCAL
May 14, 2005 | Susana Enriquez, Times Staff Writer
Police announced Friday that the finger a woman said she found in a cup of Wendy's chili in San Jose belonged to an acquaintance of her husband. "It is a pretty damning piece of evidence," said Sgt. Nick Muyo of the San Jose Police Department. "This is a pretty significant break in the case." San Jose police detectives received a tip from the Wendy's reward hotline May 4 that led them to Nevada, where they tracked down a man who lost the digit in an industrial accident in December.
CALIFORNIA | LOCAL
April 16, 2005 | From Times Staff and Wire Reports
Wendy's International Inc. has increased to $100,000 the reward for information on the origin of a severed human finger that a customer alleged she found while eating chili at one of the fast-food chain's outlets in San Jose last month. The original reward was $50,000. "We believe that somebody knows exactly what happened, and we hope the reward will encourage this person to come forward soon," Wendy's President and Chief Operating Officer Tom Mueller said in a statement Friday.
BUSINESS
December 14, 2005 | From Bloomberg News
Billionaire Nelson Peltz bought a 5.5% stake in Wendy's International Inc. and urged the company to cut costs and sell assets, saying a management plan to boost the stock price doesn't go far enough. Wendy's should cut $200 million in costs and sell its Baja Fresh, Cafi Express and Pasta Pomodoro brands, Peltz said in a regulatory filing.
CALIFORNIA | LOCAL
May 7, 2005 | From Times Staff and Wire Reports
The Las Vegas woman arrested after she said she found a human finger in a bowl of Wendy's chili here was transferred Friday to California to face charges that her claim was a hoax. San Jose police took Anna Ayala into custody from the Clark County jail about 6 a.m., Las Vegas Police Sgt. Chris Jones said.
BUSINESS
November 15, 2007 | From Times Wire Services
Nelson Peltz's Triarc Cos. made an offer for Wendy's International Inc. that was less than the $3.2 billion the investor said he might pay in July. Peltz's bid makes it unlikely that Wendy's will accept his offer, analysts and investors said. The billionaire, who has pressured Wendy's management to boost its stock price since buying a stake in 2005, made the offer after the third-largest U.S. hamburger chain said a possible sale was being delayed by turmoil in credit markets last month.
BUSINESS
September 27, 2007 | From the Associated Press
The owner of 134 Wendy's restaurants wants to bid for the nation's No. 3 hamburger chain with two private equity firms. David Karam, president of Cedar Enterprises Inc., said Wednesday that he and his partners had been invited by Wendy's International Inc. to a second round of talks. He is backed by Kelso & Co. and Oak Hill Capital Partners. "I've been involved in the brand," he said. "I see the great potential of it."
BUSINESS
August 29, 2007 | From Times Wire Services
Wendy's International Inc. has agreed to let a major shareholder have access to crucial information about the third-largest hamburger chain so he can decide whether to bid for the company, according to a filing Tuesday with federal regulators. Billionaire investor Nelson Peltz has said his company, Triarc Cos., which owns fast-food chain Arby's, would be a natural buyer for Wendy's. He said last month that he was ready to offer $37 to $41 a share in a deal that would peg Wendy's value at $3.
BUSINESS
July 31, 2007 | From Bloomberg News
Billionaire investor Nelson Peltz said Monday that he might pay as much as $3.6 billion for Wendy's International Inc. In a letter to Wendy's Chairman James V. Pickett, Peltz said his Trian Fund Management would consider paying as much as $41 a share for the chain of hamburger restaurants, according to a filing with the Securities and Exchange Commission. Peltz gave Wendy's until Wednesday to sign a confidentiality agreement. The filing came after the markets closed.
BUSINESS
June 19, 2007 | From the Associated Press
Wendy's International Inc. is exploring a possible sale of the company, the nation's third-largest hamburger chain said Monday as it warned that profit for the year would fall short of Wall Street's expectations. "While a sale remains only one of the alternatives under consideration, we believe it merits more thorough examination," James V. Pickett, Wendy's chairman and head of a special committee doing the study, said in a statement.
BUSINESS
April 26, 2007 | From Dow Jones/the Associated Press
Wendy's International Inc., which underwent jarring structural changes in the last 12 months, announced Wednesday that more might be in the offing -- including the possible sale of the company. Its shares rose 13% in after-hours trading to $37. The nation's No. 3 hamburger chain, based in Dublin, Ohio, said it had formed a committee of directors to review options that could include a sale, a merger or some other business combination.
BUSINESS
February 26, 2007 | From the Associated Press
Wendy's International Inc. is closing the restaurant where the nation's third-largest hamburger chain began in 1969. The iconic restaurant, filled with memorabilia and photographs of the late Wendy's founder, Dave Thomas, will close Friday, company spokesman Denny Lynch said. "This is a very difficult decision, but the truth is we kept it open for sentimental reasons much longer than we should have."
BUSINESS
February 5, 1998 | From Times Wire Services
Aetna Inc. said it returned to profitability in the fourth quarter as results in its managed-care health insurance business stabilized. Fourth-quarter net income for Hartford, Conn.-based Aetna, including a gain, was $273.9 million, or $1.71 per share, contrasted with a net loss of $107.1 million, or 80 cents, a year ago. Harrah's Entertainment Inc. said fourth-quarter earnings fell to $19.1 million before charges, or 19 cents a diluted share, compared with $22.
BUSINESS
November 3, 2000
Other earnings, excluding one-time gains or charges unless noted, include: * Genuity Inc.'s third-quarter loss widened to $228.9 million, or 24 cents a share, from $172.4 million, or 22 cents, a year ago, as it spent more to attract customers. Analysts expected a loss of 27 cents. Sales rose 70% to $308.1 million. * Martha Stewart Living Omnimedia Inc. said third-quarter profit more than doubled to $3.82 million, or 8 cents a share, from $1.
BUSINESS
February 3, 2007 | From the Associated Press
Wendy's International Inc. said profit tumbled nearly 90% in the fourth quarter after the spinoff of its Tim Hortons coffee-and-doughnut chain. The nation's third-largest hamburger chain reported net income of $3 million, or 3 cents a share, compared with $30 million, or 25 cents, a year earlier. Revenue fell 1% to $596.4 million. Excluding the effect of its discontinued Tim Hortons and Baja Fresh operations, Wendy's earned $9.
BUSINESS
November 10, 2006 | From Bloomberg News
Wendy's International Inc. named interim Chief Executive Kerrii Anderson its permanent CEO, ending a four-month search. Anderson, 49, has been running Dublin, Ohio-based Wendy's since April, when her predecessor, Jack Schuessler, retired after six straight quarters of declining sales.
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