GoKawiil
Tech News
Nelson Peltz's Trian Fund Management, along with BlueFive Capital, Sixth Street Partners and franchisee Flynn Group, has proposed buying Wendy's for $7.35 per share in cash, a deal valued around $1.4 billion and roughly 20% above the prior stock price. Wendy's shares jumped about 15% on the news. Trian and related entities already hold about 16% of Wendy's stock, and Peltz's son Bradley serves on the company's board.
Hotel developer Ian McClure has become the first outside operator in more than ten years to sign a fresh development agreement with Planet Fitness, rather than buying into the chain by acquiring an existing franchisee's gyms. McClure's firm, Gulf Coast Hotel Management, which runs extended-stay hotels and Wyndham properties across several states, secured three area deals to open over a dozen locations on Florida's Gulf Coast. Each gym costs between $1.3 million and $5.4 million to launch depending on financing.