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Columbus Business First

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Wendy's biggest investor looking at acquisition or merger

The largest investor in Wendy’s Co. is considering an acquisition or a merger. Trian Fund Management LP and affiliate investors, which own 19.4% of the Dublin-based company, Tuesday disclosed in a Securities & Exchange Commission filing that they are looking for a deal to “enhance shareholder value." Such a deal could include an acquisition or merger. The firm said it has retained advisers to help explore options.
ECONOMY

CBF Morning Run: What you need to know today and is it pink eye?

Can it be pink eye if the eye doesn't ever turn pink?. These questions and more in The Last Word, but first, the business news you need to know:. 1) All about that data: Data centers continue to be big business in Central Ohio. Two out-of-state real estate investment firms are developing an approximately $400 million data center campus and industrial park in New Albany. No end user has been confirmed yet for the data center, but whoever it is will be joining tech giants Amazon, Facebook and Google, all of whom have such centers in the region. Plus they'll be neighbors with another forthcoming high-tech corporate citizen: Intel Corp.'s $20 billion semiconductor fabrication complex.
COLUMBUS, OH

Silicon Heartland Innovation Park to be developed near New Albany's forthcoming Intel complex

Two out-of-state real estate investment firms are developing an approximately $400 million data center campus and industrial park in New Albany. Dallas-based Lincoln Property Company and Chicago-based Harrison Street acquired 190 acres of land on the northeast corner of Beech and Jug Street roads for a speculative industrial park and data center campus, called Silicon Heartland Innovation Park, that can accommodate cloud providers, retail colocation operators and large enterprise customers, Michael Hochanadel, managing director and head of digital real estate at Harrison Street, told Columbus Business First.
NEW ALBANY, OH

CBF Morning Run: What you need to know today and wedding season is in full swing

Good morning, Columbus and happy Tuesday. That long weekend is so close, isn't it?. 1) One less Kroger: Kroger Co. has closed one of its Columbus stores. The Columbus division of the Cincinnati-based grocery chain on May 20 shut down its market and fuel center at 4485 Refugee Road on the city’s east side. But the company is in talks with Mid-Ohio Food Collective to repurpose the site.
COLUMBUS, OH