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Wendy's, struggling with beef prices and growing competition, gets buyout offer

Wendy's, struggling with beef prices and growing competition, gets buyout offer
Photo: KXXV (ABC 25) News · view original

Wendy's shares jumped 15% at the opening bell Wednesday after noted investor Nelson Peltz made an offer to buy the chain, which has been struggling with high beef prices and aging stores. Peltz's Trian Fund Management and several partners are offering Wendy's $7.35 per share in cash, or a premium...

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