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$WEN expects total after-tax proceeds of approx. $340MM for the system optimization. The company will facilitate franchisee-to-franchisee restaurant transfers through its buy-and-flip strategy. During 2Q16, 13 restaurants were transferred through buy-and-flip transactions and $WEN expects about 200 restaurants to be transferred in 2016.
Still in yesterday’s $PZZA shock. I thought everyone had more pizza this football season!!
$TSLA stock downgraded to sell from hold by brokerage firm CFRA Research. However, the firm lifted the price target by $35 to $240.
$LB shares have plummeted after a disappointing quarter.