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Peltz's Trian Seeks Funding for Wendy's Take-Private Bid, FT Reports

On Tuesday, activist investor Nelson Peltz's Trian Fund Management sought investor backing for a potential bid to take fast-food chain Wendy's private, according to the Financial Times.
Peltz, who holds a 16% stake in the Dublin, Ohio-based company, stated in a February filing that Wendy's was "undervalued" and he was weighing strategic alternatives.
Despite beating first-quarter profit estimates, the chain reported its fifth straight quarterly drop in U.S. same-store sales last week, as input costs pressured fast-food industry margins.
Shares of Wendy's, which has a market capitalization of $1.3 billion, jumped about 14% on Tuesday, reflecting investor appetite for the potential buyout.
This move emerges as chains like Pizza Hut and Papa John's face similar pressure from stiff competition and waning consumer demand, prompting potential sales to new owners.

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Wendy's Shares Climb On Reported Trian Take-Private Deal Interest - Wendy's (NASDAQ:WEN)

Wendy's shares are up Wednesday as buyout interest from Nelson Peltz's Trian Fund puts a potential take-private scenario back on the table.

9 days ago·New York, United States

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Fast Company

Lean Left

Wendy’s long-suffering stock gets a boost after reports that billionaire Nelson Peltz wants to take it private

The Wendy’s Company could go private if billionaire Nelson Peltz has anything to say about it. The Trian Fund Management cofounder is looking for outside investors to help with a takeover of Wendy’s, the Financial Times reports. The news isn’t exactly surprising—in February, Trian used its regulatory filing to announce it might sell its stake or attempt a takeover of Wendy’s. Peltz and Trian currently own a 16% stake in Wendy’s, along with the …

9 days ago

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Quartz

Center

Nelson Peltz's Trian is seeking outside investors to fund a Wendy's buyout

The activist investor firm, which already holds about 16% of Wendy's, has held talks with potential backers including investors in the Middle East

9 days ago·United States

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New York Post

Lean Right

Wendy’s shares soar 17% on report investor Nelson Peltz seeks funding to take struggling chain private

Activist investor Nelson Peltz's Trian Fund Management is seeking investor backing for a potential bid to take fast-food chain Wendy's private, the Financial Times reported Tuesday, citing people familiar with the matter.

10 days ago·New York, United States

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