Activist investors led by Trian Fund make takeover bid for Wendy’s
American billionaire and activist investor Nelson Peltz’s hedge fund Trian Fund Management L.P. on Wednesday led an offer to buy the Wendy’s Company for roughly $1.4 billion and take the fast food chain private. “Wendy’s sits at a critical juncture,” according to the Trian-led investor group’s October filing with the Securities and Exchange Commission (SEC). “The external environment has become increasingly challenging given the significant pressures on the U.S. consumer, econom...
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