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McDonald’s Shares Fall as Wendy’s Takeover Talk Fades

Wendy’s logoWendy’s
Sig3.12Sen-5.60Env0.00Soc0.00Gov-1.65
McDonald logoMcDonald
Sig0.95Sen-2.30Env0.00Soc0.00Gov0.00

Deal speculation across the restaurant sector is unwinding, weighing on quick-service burger stocks after two weeks of takeover chatter around Wendy’s. Wendy’s shares are down 13% early Thursday. For McDonald’s, the stock is down 12% year to date through Wednesday’s close, extending a difficult stretch for the large-cap fast-food chain.

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