EUR/USD 1.03052
0.426%
Gold 2638.27
-0.745%
Oil 73.553
1.119%
USD/JPY 157.335
-0.114%
GBP/USD 1.24261
0.407%
GBP/JPY 195.507
0.334%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to the news released by the Russian Air Transport Agency on January 5, in order to ensure the flight safety of civil aviation, Russias Nizhnekamsk, Izhevsk and Perm airports have suspended flights. Earlier on the 5th, Kazan Airport had suspended flights.The Russian Ministry of Defense said on the 4th that Russia will retaliate against the Ukrainian armys use of the US-made Army Tactical Missile System (ATACMS) to attack the Belgorod Oblast.On January 5, the election for the Bundestag, the lower house of the German parliament, will be held next month. Recently, American entrepreneur Musk wrote an article publicly supporting the Alternative for Germany party, which is considered to be far-right, and launched verbal attacks on German Chancellor Scholz and German President Steinmeier on social media. This caused controversy in German politics and triggered opposition and protests from many politicians in German politics. Scholz criticized Musk without naming him in his New Years speech on December 31 last year, saying that Germanys future "will not be determined by the owners of social media." The current Vice Prime Minister Habeck from the Green Party also criticized Musks remarks in his New Years speech. Later, in an interview with Der Spiegel, he also expressed strong dissatisfaction with Musks remarks and warned him not to interfere in the German Bundestag election.According to the Japan Meteorological Agency on the 5th local time, a magnitude 4.0 earthquake occurred in the Fuji Five Lakes area of Yamanashi Prefecture, Japan at around 8:51 a.m. that day. The maximum tremor was 3 and the focal depth was 20 kilometers.Conflict situation: 1. Ukraine claims to have launched a cyber attack on a Russian transport company. 2. Sources said that Ukrainian drones attacked Russian ports, and Russia has not responded yet. 3. The Ukrainian Air Force said that it shot down 34 Russian drones at night. 4. Ukraine used the ATACMS provided by the United States to launch the attack, and Russia vowed to retaliate. 5. Russian Ministry of Defense: The Ukrainian army lost more than 180 people in the Russian "Eastern" cluster action area in one day. 6. According to AFP: Russia intercepted 8 "ATACMS" missiles launched by Ukraine. 7. Russian Ministry of Defense: According to news agencies, Russian troops have taken control of the Nadia settlement in the Luhansk region of Ukraine. Others: 1. Ukrainian media said that Ukraine is about to receive the first batch of European fighter jets. 2. Russias St. Petersburg Airport once implemented temporary restrictions on takeoffs and landings. 3. The United States plans to sanction Serbian oil companies, and Vucic intends to discuss with the United States and Russia separately. 4. The foreign ministers of Ukraine and Turkey spoke on the phone to discuss issues such as Black Sea security. 5. The Prime Minister of Ukraine said that Ukraines top priority in 2025 is to ensure defense and security investment. 6. The United States has invested $175 billion in Ukraine, and the West will discuss further military aid in the near future.

Peltz, An Investor in Wendy's, Considers Acquiring A Burger Franchise

Charlie Brooks

May 25, 2022 09:23

W2.png


Nelson Peltz, the largest shareholder of Wendy's Co and a billionaire hedge fund manager, is investigating a potential takeover play for the burger chain, a regulatory filing revealed on Tuesday, nearly two decades after he first invested in the company.


In extended trading, Wendy's (NASDAQ:WEN) shares increased by almost 14 percent after Trian Fund Management, Peltz's firm, announced that it will investigate a deal on its own or with others that might include an acquisition, business combination, or other transaction.


Refinitiv records indicate that the business holds 11.82 percent of Wendy's shares, while Peltz owns 4.86 percent and Trian's president, Peter May, owns 2.7%.


Tuesday's closing price of $16.20 for Wendy's shares is a 32% decrease since January.


Wendy's stated in a statement that its board "will carefully consider any proposal offered by Trian Partners" and is dedicated to acting in the company's and shareholders' best interests.


Peltz is the current chairman of Wendy's board, while May, who is also a founding partner of Trian, serves as non-executive vice chairman, and Matthew Peltz, Nelson's son and Trian colleague, is a board member.


After Peltz and Trian, one of the most respected activist investors in the sector, initially invested in Wendy's in 2005 and began pressing for change in late 2008, the company, which is currently valued at $3.6 billion, has a lengthy relationship with the firm.


In 2008, Wendy's merged with Triarc Companies, a subsidiary of Trian and the parent company of Arby's Restaurant Group. In 2011, Arby's was sold to Roark Capital Group after a merger that lasted less than three years.


According to Trian, it pushed for an operational turnaround focused on enhancing and expanding the Wendy's brand.


Trian announced on Tuesday that it has hired financial and legal experts and informed the board of its objectives. The company's spokesperson declined to comment beyond the filing.


In May, the burger chain's quarterly results fell short of market forecasts due to the impact of severe storms and frigid weather across the United States on shop traffic and breakfast item demand.


Strategic and financial buyers see ample prospects for mergers at a time when the wider market is hovering around bear territory due to fears of inflation and rising interest rates, which have depressed the stock prices of many companies.

Suggestion