Wendy's announces commencement of $275M modified dutch auction tender offer Wendy's announced that it is commencing a modified "Dutch auction" tender offer to repurchase shares of its common stock for an aggregate purchase price of up to $275M. Pursuant to the tender offer, company stockholders may tender all or a portion of their shares at a price specified by the tendering stockholder of not less than $8.50 and not more than $9.25 per share or without specifying a purchase price, in which case their shares will be purchased at the purchase price determined in accordance with the tender offer.
News For WEN From The Last 14 Days
Check below for free stories on WEN the last two weeks.
Wendy's plans to double pace of Image Activation reimages in 2014 The company also expects 15 new Company-operated Image Activation restaurants and 45 new franchise-operated Image Activation restaurants in 2014. The Company continues to target the implementation of Image Activation in 85 percent of its Company-operated restaurants and 35 percent of the North America system by the end of 2017.