Pershing offers glimpse of McDonald's plan: report
A new restructuring proposal for McDonald's Corp. (NYSE:MCD) by investor Pershing Square Capital Management LP includes plans to form a new company and sell 20 percent of its shares to the public, The Wall Street Journal reported on Wednesday.
The plan will seek to have the new company eventually sell 1,000 of McDonald's company-owned hamburger restaurants in mature markets, the newspaper said, following an interview with Pershing founder William Ackman.
The hedge fund's public debate with McDonald's reflects a similar move it made with Wendy's International Inc. (NYSE:WEN), the No. 3 hamburger chain.
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Source - Reuters
The hedge fund's public debate with McDonald's reflects a similar move it made with Wendy's International Inc. (NYSE:WEN), the No. 3 hamburger chain.
External Source - For the complete article click here
Source - Reuters
