Peltz’s Trian Offers $1.4 Billion to Take Wendy’s Private

Nelson Peltz's Trian Fund Management offered to acquire all outstanding shares of Wendy's Co. for approximately $1.4 billion in an all-cash transaction, according to a filing made on Wednesday. Trian stated that Wendy's would be better positioned to execute a multiyear turnaround as a private company and that the chain "requires significant capital investment" to return to profitability. The offer valued the burger chain's equity at $1.4 billion.

• Bloomberg — Peltz’s Trian Offers $1.4 Billion to Take Wendy’s Private
• Bloomberg — Peltz’s Trian Offers to Take Wendy’s Private in All-Cash Deal
• MarketWatch — Wendy’s buyout offer suggests the burger chain’s overhaul could be very expensive

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