Why Wendy's Stock Dropped Today
The restaurant chain may not receive the acquisition offer that investors expected.
Overview
Shares of Wendy's (NASDAQ: WEN) fell on Thursday, following reports that a much-anticipated buyout offer may not be forthcoming.
Image source: Getty Images.
Wendy's has been struggling for quite some time. So much so that investors have come to hope that an investment firm would acquire the beleaguered burger chain and right the ship.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.