Nelson Peltz's Trian offers $1.4 billion to take Wendy's private
The gist
Trian Fund Management bid $7.35 a share in cash for Wendy's, about a 20% premium.
The offer aims to fund a turnaround at a chain with six straight quarters of sales declines.
How it unfolded
- 2022Trian examined a takeover of Wendy's but did not pursue it.
- 2024Peltz stepped down as Wendy's chairman after 17 years and became chairman emeritus.
- Aug 2026Trian had been assembling a group of investors to take Wendy's private; around that time Wendy's halved its quarterly dividend and withdrew its full-year outlook after U.S. comparable sales fell 7.0% in the second quarter.