Wendy's stock witnesses a massive spike owing to a potential acquisition
Wed, May 25, 2022 10:46 PM

Wendy's stock witnesses a massive spike owing to a potential acquisition

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The shares of Wendy's have been surfing on a bullish tide while the investors mull over a probable takeover deal. Wednesday came as a pleasant day for the fast-food giant as its stock witnessed a spike during pre-market trading. This jump is being attributed to the announcement made by its largest shareholder Trian Fund Management that it is mulling over a potential acquisition.

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