The Wendy’s Company (NASDAQ: WEN) announced that on the preliminary count, a total of approximately 31.0 million shares of The Wendy’s Company’s common stock were validly tendered and not validly withdrawn at or below the purchase price of $9.25 per share.
While banks do still face headwinds such as ongoing litigation, increased regulation and reduced trading profits, these have been so heavily trumpeted in the financial headlines that bank stock prices have over-reacted on the downside.
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