Thursday, May 24, 2007

Wendy's (WEN)

FYI.. fresh speculation that WEN is entertaining a $49/shr bid. Wendy's has been exploring strategic options. This is another case of when will the rumors be true? A large private equity firm is said to have made the offer, according to trading desks that I'm touch with. Call options volume is overwhelming put volume in WEN, but the total volume of calls is thus far only about 3,000 in the June contracts. I have no position yet.

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