SEC Filings
Wendy’s Earns $15.1 Million As U.S. Traffic Weakens — Breakfast Gets A Rethink
The burger chain is pursuing up to 163 Meritage restaurants and making breakfast decisions location by location.
WEN
Wendy's (WEN) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
Deals
Wendy’s Rejects $7.35 Cash Bid — And Sets A 15% Takeover Tripwire
The independent committee favors its restaurant turnaround plan, while new takeover rules can dilute buyers who cross the ownership threshold.
SEC Filings
Wendy's Ad-Fund Bad-Debt Reserve Hits $33.2 Million As Franchisees Fall Behind
The reserve against uncollectible ad-fund receivables climbed from $9.3 million at year-end as franchisee delays and a bankruptcy piled up.
Earnings
Wendy's Makes Breakfast Optional At U.S. Restaurants, Pegging Up To $200 Million In Restaurant EBITDA
CEO Bob Wright says dropping unprofitable breakfast could add up to $200 million, as the board rejects an unsolicited investor-group offer.
Markets
Wendy's Stock Soars 17%, Adding $198 Million, As Peltz-Led Group Offers To Take It Private
A Trian and Flynn Group consortium proposed $7.35 a share in cash, valuing the burger chain at about $1.4 billion.
SEC Filings
Peltz's Trian And Flynn Offer $7.35 A Share In Cash To Take Wendy's Private
The non-binding bid is an approximate 20% premium to the October 27 close, and Trian plans to roll over its roughly 16.3% stake.