A 64-Year-Old Who Bought 10,000 Wendy’s Shares at $9 for the Dividend Just Watched the Board Turn Down $7.35 a Share. Here Is What the Rejection Costs Her, and How to Tell Whether Nelson Peltz Comes Back for Your Shares.
Wendy's board just refused a cash exit, and a retiring shareholder who bought for the dividend now has to choose between selling, holding, and waiting on Peltz. Three numbers will tell her which choice the board has actually made.