Yum! Brands not planning a purchase of Wendy's chain - report
Yum! Brands does not plan to purchase Wendy's, according to a report in the Akron Beacon Journal, which cited David Novak, YUM chief executive. Yum! owns Pizza Hut, KFC, A&W and Long John Silver's, and has been speculated as a potential bidder for the Ohio-based Wendy's chain.
Novak questioned a purchase of Wendy's because the chain lacks locations that are outside of North America, the article reported.
Wendy's has a USD 3.97bn market cap.
Novak questioned a purchase of Wendy's because the chain lacks locations that are outside of North America, the article reported.
Wendy's has a USD 3.97bn market cap.
posted by Fab at
9:15 AM
1 Comments:
As a former general Manager with Wendy's Int. With Ties to current Wendy's Managers, they are not so sure. Yum Brands takeover rumors are spreading quickly through the Tampa Bay Market. Time will tell, but one thing is for certain, someone is already changing long standing Wendy's systems to systems that could possibly be a close fit with YUM.
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