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

Wendy's, struggling with beef prices and growing competition, gets a buyout offer
Photo: KXAN (NBC Austin) - All News · view original

Wendy’s shares jumped more than 14% 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 of nearly...

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