Wendy’s Shares Surge 15% After Trian Offers $1.4 Billion to Buy Burger Chain
Wendy’s shares jumped as much as 15% after Nelson Peltz’s Trian Partners disclosed a $1.4 billion offer to acquire the burger chain, reviving takeover speculation around one of the most recognizable names in U.S. fast food. The bid lands after a difficult two-year stretch for Wendy’s, as consumers have pulled back on dining out and the company has struggled to accelerate growth.
