Key facts
- Trian Fund Management offered to buy Wendy's for $1.4 billion.
- The offer proposes a price of $7.35 per share in cash.
- Wendy's shares rose approximately 15% premarket.
Nelson Peltz's Trian Fund Management has offered to acquire Wendy's for $1.4 billion, the Wall Street Journal reported, citing people familiar with the matter. The investment firm is leading a group that has proposed paying $7.35 per share in cash to take the burger chain private. Wendy's and Trian did not immediately respond to requests for comment. The report sent Wendy's shares up about 15% in premarket trading.