UBS Adjusts Price Target on The Wendy's Company to $6.50

The Wendy's Company Confirms Receipt of Unsolicited Acquisition Proposal

The Wendy's Company has confirmed receipt of an unsolicited, non-binding proposal from an investor group led by Trian Fund Management to acquire all outstanding shares not already owned by the group for $7.35 per share in cash.

Wendy's 13D Filing Shows Nelson Peltz Reports 16.23% Stake In Co. As Of Oct. 28; Trian Group Intends To Roll Over Shares It Beneficially Owns, In Relation To Proposed Wendy's Deal; Proposed Deal Would Provide All-Cash Consideration To Wendy's Shareholders, Funded By Trian Group; Submitted To Wendy's A Non-Binding Proposal For A Price Of $7.35 Per Share In Cash

UBS Maintains Neutral on Wendy's, Lowers Price Target to $6.5