Trian Fund Management Prepares Takeover Bid for Wendy's Backed by Franchisee and Investor Partners
51Framing Analysis
Nelson Peltz's Trian Fund Management is preparing a takeover bid for Wendy's with support from BlueFive Capital and the Flynn Group. Wendy's shares rose as much as 15 percent on the news following six consecutive quarters of same-store sales declines and the loss of its No. 2 U.S. burger-chain ranking to Burger King. The stock was temporarily halted for volatility.