Nelson Peltz's Trian offers about $1.4 billion to take Wendy's private
The gist
Nelson Peltz's Trian offered $7.35 a share in cash, about $1.4 billion, to take Wendy's private.
The bid follows 10 straight quarters of falling same-store sales at the burger chain.
How it unfolded
- 2022Peltz first expressed interest in a potential takeover bid for Wendy's, almost two decades after he first invested in the company.
- 2024Wendy's closed 240 restaurants.
- Oct 27, 2026Wendy's closed at a price giving the company a market value of about $1.2 billion.