• Wendy’s rejects $1.4 billion takeover proposal from Nelson Peltz’s Trian

    Wendy’s rejects $1.4 billion takeover proposal from Nelson Peltz’s Trian
    Wendy’s declined a takeover bid valued at $1.4 billion from an investor consortium led by Nelson Peltz’s Trian Fund Management. The group, which also included BlueFive Capital, Sixth Street Partners, and Flynn Group, submitted an offer of $7.35 per share in cash in late October to take the fast-food chain private.
    Wendy’s board, through an independent committee of directors formed in February to evaluate any potential Trian proposal, determined the offer substantially undervalues the comp
  • Fossil CEO says turnaround is ahead of plan as sales return to growth

    Fossil CEO says turnaround is ahead of plan as sales return to growth
    Fossil Group released third-quarter financial results that demonstrated signs of progress in its ongoing business turnaround. The legacy watchmaker posted operating income of $25.3 million, a significant reversal from an operating loss of $21.7 million in the prior-year period. Net sales rose 0.4% to $271.2 million, marking the company’s first year-over-year sales increase since the first fiscal quarter of 2022.
    The company also achieved profitability on a net income basis, reporting $11.7 mi

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