On Wednesday, Shares of The Wendy’s Company (NASDAQ:WEN), gained 3.33% to $11.47, hitting its highest level.
The Wendy’s Company, declared that it is commencing a modified “Dutch auction” tender offer to repurchase shares of its common stock for an aggregate purchase price of up to $639.0 million The tender offer is part of an $850 million stock buyback program, which also comprises a separate purchase of up to $211.0 million of the Company’s common stock from Nelson Peltz, Peter W. May and Edward P. Garden (who are members of the Company’s Board of Directors), investment funds managed by Trian Fund Administration, L.P. (an investment fund controlled by Messrs. Peltz, May and Garden) and certain of their associates.
The Wendy’s Company, through its auxiliaries, owns and franchises Wendy’s restaurant system. The company is involved in operating, developing, and franchising a system of quick-service restaurants. As of May 26, 2015, its restaurant system comprised of about 6,500 franchised and company-operated restaurants worldwide.
Shares of Las Vegas Sands Corp. (NYSE:LVS), inclined 3.04% to $52.50, during its last trading session.
Las Vegas Sands Corp., will hold its 2015 Annual Meeting of Stockholders on Thursday, June 4, 2015 at 12:00 p.m. Pacific Time (3:00 p.m. Eastern Time).
Las Vegas Sands Corp. develops, owns, and operates integrated resorts in Asia and the United States. The company owns and operates The Venetian Macao Resort Hotel, Sands Cotai Central, the Four Seasons Hotel Macao, the Plaza Casino, and the Sands Macao in Macau, the People’s Republic of China.
Finally, Northern Trust Corporation (NASDAQ:NTRS), ended its last trade with 0.94% surge, and closed at $75.10.
Northern Trust Corporation, has been selected to provide investment operations outsourcing services to RPMI Railpen, the in-house asset manager for the GB£21 billion (about US$32 billion) Railways Pension Scheme and a top 10 pension fund in the UK.
Under the terms of the agreement Northern Trust will provide trade matching, derivative processing and lifecycle administration, active collateral administration and book of record services.
This latest appointment reinforces Northern Trust’s leadership position in the UK pension fund market where it now provides an extensive range of back and middle office services to six of the top 10 pension funds in the UK, together representing more than GB£240 billion in assets and about one fifth of the entire UK pensions market. It provides full investment operations outsourcing services to 36 clients and component outsourcing to 35 clients on its planned global platform.
Northern Trust Corporation, a financial holding company, provides asset servicing, fund administration, asset administration, fiduciary, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Corporate & Institutional Services (C&IS) and Wealth Administration.
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