On July 17, 2015, The Wendy’s Company (the “Company”) completed the previously announced purchase of 18,416,313 shares of its common stock, par value $0.10 per share, from Nelson Peltz, Peter W. May and Edward P. Garden (who are members of the Company’s Board of Directors), certain of their family members and affiliates, investment funds managed by Trian Fund Management, L.P. (an investment management firm controlled by Messrs. Peltz, May and Garden, “TFM”), and the general partner of certain of those funds (together with Messrs. Peltz, May and Garden, certain of their family members and affiliates and TFM, the “Trian Group”), at a purchase price of $11.45 per share, for an aggregate purchase price of approximately $210.9 million.
The purchase price per share paid to the Trian Group was equal to the purchase price per share paid to stockholders whose shares were purchased in the Company’s recently completed $639.0 million modified “Dutch Auction” tender offer (the “Offer”). The number of shares purchased by the Company from the Trian Group represented a pro rata amount of the shares held by the Trian Group prior to the commencement of the Offer, based on the number of shares the Company purchased from other stockholders in the Offer.
The information in this Current Report on Form 8-K shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities under that section. Furthermore, the information in this Current Report on Form 8-K shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933.