The company intends to use the proceeds of the fresh issue for repayment, in full or part, of certain borrowings of the company and certain of the subsidiaries and funding acquisition of future real estate projects. Axis Capital and Credit Suisse Securities are the bankers to the issue.
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