September 27, 2007 |
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."
August 29, 2007 |
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.
July 31, 2007 |
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.
June 19, 2007 |
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.
April 26, 2007 |
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.
February 26, 2007 |
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."