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Nelson Peltz’s hedge fund Trian won’t make bid for Wendy’s, backs new capital allocation strategy

Por: MarketWatch Business January 13, 2023

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On Friday Wendy’s gave upbeat fourth-quarter and its board doubled the company’s quarterly dividend to 25 cents a share. The board also approved a new $500 million share-repurchase authorization.  “Trian believes strongly in the future of Wendy’s, is confident in the Company’s growth plans and is strongly supportive of the capital allocation strategy announced today,” Peltz said in a Wendy’s statement. “Trian believes that the... + full article



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