The issue was overall subscribed 69.79 times, with the quota for qualified institutions getting a subscription 84.32 times, whereas non-institutional bidders’ and retail investors’ portions were subscribed 43.97 times and 61.77 times, respectively.
Wendy’s draws buyout bid as beef costs and burger rivalry weigh on business
Wendy’s shares jump after Nelson Peltz’s Trian Fund Management offers $7.35 per share to take the burger chain private, as the company faces high beef
October 28, 2026