Hedge Fund Bites Off Bigger Portion Of Wendy's Biz

Law360, New York (December 2, 2011, 4:55 PM EST) -- Wendy's Co. has reached an agreement with Chairman Nelson Peltz's group of Trian hedge funds that will allow the funds to increase their ownership of the fast-food chain up to 32.5 percent from 26 percent, the companies said Friday.

The parties finalized the deal on Thursday, allowing New York-based Trian Group to purchase up to 32.5 percent of Wendy's outstanding common shares for 10 cents per share, pursuant to the Nov. 5 expiration of a 2008 ownership agreement, according to documents filed Friday with the U.S....
To view the full article, register now.