Wendy’s (WEN) – Odd Lot Tender Offer – $100 potential upside
Current Price – $11.27
Offer Price – $11.05 – $12.25
Upside – $97 or 9% (if the upper pricing limit is used)
Expiration date – 30 June 2015
Summary:
Wendy’s Company is offering to purchase for cash shares of its common stock, par value $0.10 per share, pursuant to auction tenders at prices specified by the tendering stockholders of not less than $11.05 nor greater than $12.25 per share. Assuming that the Offer is fully subscribed, if the Purchase Price