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WENDY'S INTERNATIONAL INC.(repurchases 9.7 million shares)(Brief Article)
DUBLIN, Ohio -- WENDY'S INTERNATIONAL INC. repurchased 9.7 million of its shares for $250 million from Ronald Joyce, co-founder of Tim Hortonos, and entities he owns. Wendy's used about $50 million in available cash and borrowed the rest to pay $25.75 per share in the deal, which was announced after the market's close on Thursday. The company's stock price closed on the New York Stock Exchange at $2655 on Thursday. The company said it expects that the deal …
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