Wendy's jumps 15% as Peltz's Trian offers ~$1.4B to take chain private
Wendy's (NASDAQ: WEN) shares jumped about 15% after the Wall Street Journal reported Nelson Peltz's Trian Fund Management has offered roughly $1.4 billion to take the burger chain private, per Benzinga. The bid would return Peltz to a company he previously helped restructure, and the size of the premium signals Trian expects board engagement.
Source:
benzinga.com: https://www.benzinga.com/trading-ideas/movers/26/10/62655016/wendys-stock-jumps-as-peltz-returns-with-1-4-billion-cash-bid
Not financial advice. For informational and educational purposes only.
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