Trian Fund Management buys $252.6M stake in Wendy’s
Trian Fund Management bought 30,468,434 shares of Wendy’s worth about $252,583,000. UBS AM now holds 639,085 shares after adding 11,072, while HSBC increased its holding to 27,776 shares. Wendy’s reported $0.18 EPS, beating a $0.16 estimate by $0.02, and declared a $0.07 quarterly dividend to be paid Sept. 15 with a Sept. 1 record date.