Trian Offers $1.4 Billion in Cash to Acquire Wendy’s
Trian Fund Management submitted an all-cash offer to acquire Wendy’s that could take the fast-food chain private, according to a regulatory filing. Wendy’s shares rose 15% to $7.08 in premarket trading.
By Ty RoushTrian Fund Management has submitted an all-cash offer to acquire Wendy's in a deal that could take the fast-food chain private, Trian disclosed in a regulatory filing Wednesday.Shares of Wendy's surged 15% to $7.08 in premarket trading after ending Tuesday's session down 0.8%. The stock…