CALABASAS HILLS Calif. Shares in The Cheesecake Factory Inc. soared in price on Wednesday following news that activist investor Nelson Peltz was cleared by the Federal Trade Commission to buy a stake in the casual-dining chain. Although Peltz’s intentions were not disclosed, Cheesecake said in a statement that executives had already opened a “preliminary dialogue” with the Peltz holding that sought permission to buy the stake, and that the conversation would be ongoing.The Bloomberg ...
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Contact: Desiree Torres Desiree.Torres@penton.com