Hedge Fund Grabs Fast Food
Filed in archive Hedgetalk on December 9, 2008
hedge fund Trian Partners said that they will buy about 49.4 million shares of fast-food operator Wendy's/Arby's Group for $4.15 per share, or about $205 million.
Triarc Cos. Inc., which operates Arby's and was run by billionaire investor Nelson Peltz, bought Wendy's in a deal that closed in September.
Full story here; Hedge Fund Trian Partners to Hold Over 50 Million Fast Food Shares
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