Market News
← Back to Home

Trian Fund Management offers to buy Wendy's for $1.4 billion, WSJ reports

Reuters
Trian Fund Management offers to buy Wendy's for $1.4 billion, WSJ reports

Oct 28 (Reuters) - ‌Nelson Peltz's Trian Fund ​Management ‌offered to take over ‌burger chain Wendy's for $1.4 billion, ‌the Wall Street Journal said on Wednesday, citing people ⁠familiar with ‌the matter.

Trian is ⁠leading a group ​that has offered to pay $7.35 a ​share in ​cash ‌to take Wendy's ​private, the ⁠report said.

Wendy's and ‌Trian did ​not ​immediately respond to Reuters requests for comment.

Shares of Wendy's ‌jumped about 15% to $7.05 premarket ‌following the ​report.

(Reporting by Anuja Bharat Mistry in Bengaluru; Editing ‌by Devika Syamnath)