Wendy's Schuessler May Speed Up Tim Hortons IPO
Large regular, to go: A Canadian report says Wendy's International wants to speed up the sale of coffee-and-doughnut chain Tim Hortons.
Led by President, Chairman and Chief Executives John T. Schuessler, Wendy's has recently seen its sales decline narrow and is ramping up plans to add an on-the-go breakfast menu, a la rival burger-meister McDonald's (nyse: MCD).
So a little extra cash in the till might help. That's certainly the opinion of billionaire Nelson Peltz, who holds a 5.5% stake in Wendy's--and had been pressuring the eatery chain to cut costs and spin off assets, in the same vein as his peer, perpetual Time Warner (nyse: TWX) gadfly Carl Icahn.
External Source - For the complete article click here
Source - Forbes
So a little extra cash in the till might help. That's certainly the opinion of billionaire Nelson Peltz, who holds a 5.5% stake in Wendy's--and had been pressuring the eatery chain to cut costs and spin off assets, in the same vein as his peer, perpetual Time Warner (nyse: TWX) gadfly Carl Icahn.
External Source - For the complete article click here
Source - Forbes
