Shares of The Wendy’s Co. (NASDAQ:WEN) jumped 15% Wednesday after The Wall Street Journal reported Nelson Peltz’s Trian Fund Management has offered to buy the fast-food chain for about $1.4 billion. In an amended filing with the SEC on Wednesday, Trian said it is leading a group offering $7.35 per share in cash for the company, representing a roughly 20% premium to Tuesday’s close and requiring no new debt. The offer follows months of on-and-off takeover chatter. Peltz has circled the company for years. WEN stock is climbing on the news. Get all the details and price action here. A…
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler raised the price target for Tesla Inc (NASDAQ:TSLA)…
Space Exploration Technologies Corp‘s (NASDAQ:SPCX) AI business is growing at a breathtaking pace, but the cost of building its computing empire is rising even faster. The company generated $10.9 billion in revenue from its Super Intelligence (SI) segment in the…
With U.S. stock futures trading mixed this morning on Tuesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects General Motors Co (NYSE:GM) to report quarterly earnings at $3.63 per share on revenue…
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