The Wendy's Company Announces Preliminary Results Of Tender Offer
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Wendy's (WEN) Reports Preliminary Results from Modified Dutch Auction
July 1, 2015 8:40 AM EDTThe Wendy's Company (NASDAQ: WEN) announced today the preliminary results of its modified Dutch auction tender offer, which expired at the end of the day, 12:00 midnight, New York City time, on June 30, 2015.
Based on the preliminary count by American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, a total of approximately 66.6 million shares of the Company's common stock were validly tendered and not validly withdrawn at or below the purchase price of $11.45 per share, including approximately 36.9 million shares that were tendered through notice of guaranteed delivery.
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