WEN - Wall Street sizes up Trian's proposed takeover of Wendy's

Wendy’s (NASDAQ:WEN) proposed takeover by Trian Partners is logical, but leaves lingering questions according to analysts. Firstly, many analysts said the proposal was far from unexpected. “We’re not overly surprised WEN’s largest shareholder is making noise,” Citi analyst Jon Tower wrote in a note to clients. “Ultimately, we’re uncertain of the outcome, but we do think WEN has pulled many levers to optimize its structure, balance sheet and cash flow streams, leaving little on the table aside from improving fundamentals to maximize shareholder value as a standalone entity.” As such, the activist takeover was assessed as a reasonable step given the company’s inability to generate share appreciation. This view was seconded by Stifel analyst Chris O’Cull, who commented that persistent efforts to promote breakfast options as well as digital and international initiatives have not encouraged much enthusiasm.  "We believe Wendy's has been unable to convince investors it offers a compelling

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Wall Street sizes up Trian’s proposed takeover of Wendy’s