CFA Practice Question

There are 233 practice questions for this study session.

CFA Practice Question

In 2006, Trian Partners pushed for fast food chain Wendy's (NYSE:WEN) to spin off its Tim Hortons (NYSE:THI) donut business as a means of increasing value. Some shareholders seemed excited by the idea, and Wendy's board reportedly decided to spin off the business. The spin-off allowed Wendy's to focus more on its core business and on competing with its rivals, including Burger King (NYSE:BKC) and McDonalds (NYSE:MCD). Trian Partners, in this case, acted like a(n) ______ shareholder.
A. activist
B. affiliated
C. engaged
Explanation: Activist shareholders can bring meaningful and rapid changes to a company.

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