Trian Fund Management Makes $1.4 Billion Offer for Wendy's
Trian Fund Management has offered $1.4 billion for Wendy's, saying the chain requires significant capital investment to get back on track. Wendy's rose 15% on the offer news but remains down 15.1% so far this year.
By Bill PetersNelson Peltz's Trian Fund Management has made a $1.4 billion offer for Wendy's and says the company 'requires significant capital investment' to get back on trackWendy's rose 15% on news of Trian Fund Management's acquisition offer, but the chain's stock is still down 15.1% so far thi…