Early reaction to the takeover of Wendy's International by the particularly active activist investor Norman Peltz, announced Thursday, is coming in. The Wall Street Journal's Deal Journal blog is reporting that Peltz's Triarc, which owns 9.8 percent of Wendy's, was pushed into closing the deal by a...
NEW YORK -- One of the Museum of Modern Art's latest film acquisitions isn't an art-house experiment by Andy Warhol or Michelangelo Antonioni. It's the spy-action blockbuster "The Bourne Identity" and its sequels. This week the museum is screening the films and hosting a panel discussion with...
NEW YORK -- Activist investor Nelson Peltz and his related investment funds under Trian Partners disclosed a small initial stake in Starbucks Corp. and an increased holding in The Cheesecake Factory Inc. According to filings outlining Trian's holdings as of March 31, Peltz and his affiliates had purchased 842,070 shares...
Alpha magazine, as part of its fifth-yearanniversary celebration, announces the creation of the Alpha Hedge FundHall of Fame to recognize those individuals who have had a major impact onthe evolution, growth and success of the now $2 trillion hedge fundindustry. The inaugural group of 14 inductees is a who's who...
[ILLUSTRATION OMITTED] DUBLIN, OHIO -- The pending acquisition of Wendy's International Inc. by Arby's parent Triarc Cos. could be just what the beleaguered No. 3 burger chain needs to regain the operational efficiencies and coordinated marketing messages that once were its hallmark, some foodservice veterans contend. ...
DUBLIN, OHIO -- A year after a special board committee began weighing a possible sale of the company, Wendy's International has rejected a merger with Arby's or a newly proposed $900 million buyout, prompting rebuffed suitor Nelson Peltz to call for shareholders to decide Wendy's fate. The No....
Byline: EMILY BRYSON YORK To beat back Big Mac, Wendy's needed a sharp strategy, a consistent identity and marketing and menu innovation fit for a king. What it got was Nelson Peltz. After a prolonged period of agitation, Mr. Peltz's...
COLUMBUS, Ohio -- After at least two rejections, billionaire Nelson Peltz has finally succeeded in landing Wendy's in a $2.3 billion deal that would add the chain known for its square burger and chocolate Frosty dessert to his ownership of Arby's and its roast beef sandwiches. Atlanta-based...
Business News IN BRIEF *Wendy's, the US fast-food chain best known for its square burgers, it to be bought by Trairc Companies - which owns the rival chain Arby's - in a $2.4bn (1.2bn) all-shares deal. The tie-up is a victory for Triarc's chairman, the billionaire investor...
When Kelsey Peltz signed up for the Advanced Placement Environmental Science class at Fenwick High School in Oak Park, Ill., she didn't know that part of the coursework would be discussing water issues--and life in general--with Palestinian students from Bethlehem. Her teacher, Marcus McKinley, had wanted to find...
Congratulations on your excellent probing and revealing interview with Bill Johnson, CEO of H.J. Heinz ("Innovation Playbook," March 2008). Johnson's ability to develop the relationship with Nelson Peltz, which has resulted in the improved performance of the company, demonstrates the value of a challenging and constructive CEO/board member relationship. ...
The clout of the activist shareholder continues to grow beyond the high-profile names of William Ackman and Nelson Peltz, who publicly agitated McDonald's and Wendy's for years. This month alone two wellknown hedge fund investors, Sardar Biglari, head of The Lion Fund LP and chairman of family-dining company...
NEW YORK -- Arby's chieftain and Wendy's suitor Nelson Peltz's raising of $920 million last month through an initial public offering by his Trian Acquisition I "blankcheck" takeover fund left its potential buyout candidates in doubt. However, a week later Peltz and his affiliated Trian funds finally disclosed...
Usually when shareholder activists call on a CEO demanding a slate of new board directors, its time to circle the wagons, but Bill Johnson, 58, is nothing if not a survivor who took the takeover titan at his word that he was more interested in building the...
Usually when shareholder activists call on a CEO demanding a slate of new board directors, its time to circle the wagons, but Bill Johnson, 58, is nothing if not a survivor who took the takeover titan at his word that he was more interested in building the brand than advancing...
How do you generate growth in a mature market with tough aggressive competitors and an outside activist breathing down your neck convinced he can do better? Usually when shareholder activists call on a CEO demanding a slate of new board directors, its time to circle the wagons,...
Medicare and Medicaid; critical issues and developments. Ed. by Marlene C. Peltz. Nova Science Publishers 2007 98 pages $69.00 Hardcover RA412 Excerpted entirely from Congressional Research Service reports, all of which are available for...
WASHINGTON -- Billionaire investor Nelson Peltz's Trian Partners told securities regulators Feb. 11 that it seeks to seize control of Wendy's International Inc., which he has offered to buy, by expanding its board from 13 to 15 directors and putting six seats up for votes at Wendy's next annual meeting....
George A. Peltz a resident of West Chicago since 1977 The funeral service for George A. Peltz, 72, will be held at 1 p.m. Wednesday, at Wheaton Bible Church, Main and Franklin St., Wheaton. Interment will follow in Wheaton Cemetery. Visitation will be from 3 to 9...
When parents die, issues surface. The survivors try to come to terms with the life just ended, as well as with their own. In the case of artists, their work may move in new directions. Such is the case with the painter Lorraine Peltz, whose mother grew up comfortably in...
Articles 2008-02-01
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