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February 12, 2014
08:53 EDTWENWendy's announces preliminary results of tender offer
Based on the preliminary count by American Stock Transfer & Trust Company, the depositary for the tender offer, a total of approximately 31M shares of Wendy's common stock were validly tendered and not validly withdrawn at or below the purchase price of $9.25 per share, including approximately 700,000 shares that were tendered through notice of guaranteed delivery. The Wendy's Company expects to acquire approximately 29.7M shares of its common stock at a price of $9.25 per share, for an aggregate cost of approximately $275M, excluding fees and expenses relating to the tender offer. As such, Wendy's has been informed by the depositary that the preliminary proration factor for the tender offer is approximately 95.8%.
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July 20, 2015
17:34 EDTWENWendy's completes purchase of 18.42M shares from Trian Group
As previously reported, on June 2, Wendy's and the Trian Group entered into a purchase agreement. At Wendy's request, the Trian Group agreed not to tender or sell any of their shares in the offer and instead agreed, pursuant to the purchase agreement, to sell a pro rata amount of their shares of common stock to the company at a purchase price per share equal to the purchase price determined and paid in the offer, following the completion of the offer. Pursuant to the purchase agreement, on July 17, the company acquired 18.42M shares of common stock, in the aggregate, from the Trian Group at a price of $11.45 per share, for an aggregate purchase price of approximately $210.9M. Trian Group currently holds approximately 19.56% of the outstanding shares of common stock. As such, the Trian Group has completed its previously announced plan to sell a sufficient number of shares to reduce its holdings in the company by at least 20% in order to avoid adverse federal income tax consequences in connection with the transaction. Following completion of the transaction, the Trian Group remains the company’s largest stockholder based on current share ownership information on file with the SEC. In addition, Nelson Peltz continues to serve as the chairman of the board of the company, Peter May continues to serve as vice chairman of the board of the company and Edward Garden continues to serve as a director of the company.
July 17, 2015
17:16 EDTWENWendy's completes previously announced share purchase from Trian
On July 17, The Wendy’s Company completed the previously announced purchase of 18,416,313 shares of its common stock, par value $0.10 per share, from Nelson Peltz, Peter W. May and Edward P. Garden , certain of their family members and affiliates, investment funds managed by Trian Fund Management and the general partner of certain of those funds at a purchase price of $11.45 per share, for an aggregate purchase price of approximately $210.9M.
July 15, 2015
09:06 EDTWENPeltz says if didn't own Wendy's, McDonald's may be investment
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