finance.yahoo.com Market update
Stock Market Today, Aug. 12: Wendy's Surges 15% on Take-Private Bid Report
Wendy's (NASDAQ:WEN), a quick-service burger chain with mostly franchised restaurants, closed at $8.66. Shares rose 14.70% on reports that Nelson Peltz's Trian Fund Management is preparing a take-private bid. Investors are watching whether a consortium forms and whether the bid advances. Trading volume reached 44.5M shares, coming in about 148% above its three-month average of 17.9M shares. How …