Shares of fast-food stalwart Wendy's (NASDAQ:WEN) rallied on Wednesday, rising 14.7% as of 1: 51 p.m. EDT. Wendy's entered the day down about 25% for the year, and down massively from its all-time highs. Today, however, a major investor offered to buy out the entire company for $1.4 billion, or roughly a 20% premium to yesterday’s closing price.
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