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Nov. 8, 2019, 9:18 a.m. EST

Wendy's to pay Morgan Stanley $100 million in share repurchase agreement

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By Tonya Garcia

Wendy's Co. /zigman2/quotes/204070192/composite WEN +0.28% announced in an 8-K filing that it has entered into an accelerated share repurchase program with Morgan Stanley /zigman2/quotes/209104354/composite MS +1.49% such that the fast-food company will pay $100 million in cash for 4.05 million shares. The total number of shares will be determined by the average price during the term of the agreement. Wendy's stock is up 34.4% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.91% is up 23% for the period.

/zigman2/quotes/204070192/composite
US : U.S.: Nasdaq
$ 21.56
+0.06 +0.28%
Volume: 2.51M
Dec. 6, 2019 4:00p
P/E Ratio
39.46
Dividend Yield
2.23%
Market Cap
$4.96 billion
Rev. per Employee
$131,400
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/zigman2/quotes/209104354/composite
US : U.S.: NYSE
$ 49.80
+0.73 +1.49%
Volume: 9.49M
Dec. 6, 2019 6:30p
P/E Ratio
10.63
Dividend Yield
2.81%
Market Cap
$80.61 billion
Rev. per Employee
$831,709
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/zigman2/quotes/210599714/realtime
US : S&P US
3,145.91
+28.48 +0.91%
Volume: 1.70B
Dec. 6, 2019 5:07p
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