Trian Fund Management, led by Nelson Peltz, offers $1.4 billion to acquire Wendy’s, boosting shares by 15%
Nelson Peltz's Trian Fund Management has proposed a $1.4 billion acquisition of Wendy's, offering $7.35 per share, which represents a 20% premium over the stock's recent closing price. This move is significant as it comes after a challenging period for Wendy's, marked by declining sales and leadership instability.