Pershing Reports 15% Stake in Wendy’s

April 25th, 2008
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Pershing Square Capital Management reports that it owns 15% of Wendy's International. Bill Ackman who runs Pershing has had interest in the company before and in 2005 along with other investment firms lobbied for big changes. He eventually won 3 seats on the board. Regulatory filings show Pershing had reduced its holdings to nearly zero by November 2006. This sudden interest in Wendy's comes one day after Wendy's agreed to sell itself to Triarc Companies for $2.3 in stock.
For Detailed Investor Profiles on these Investors, click below:
Pershing Square Capital Management
Related People: Nicholas Botta; Roy J. Katzovicz; Scott Ferguson*; William 'Bill' Ackman
Related Entities: Leucadia Corporation (NYSE: LUK); Pershing Square Capital; Pershing Square IV; Pershing Square LP

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