Wendy's falls after Peltz's Trian has no take-private bid planned for chain, per sources
26/08/2026 22:33
BUZZ-Wendy's falls after Peltz's Trian has no take-private bid planned for chain, per sources ** Shares of restaurant chain Wendy's WEN.O fall ~13% to $7.85 in extended trading
** Nelson Peltz's Trian Fund Management has no plans to make a take-private bid for Wendy's at this time, sources familiar with the matter told Reuters
** The investment firm, a longtime Wendy's shareholder holding around 16% of co, along with a consortium of investors, including Bugatti-backed BlueFive Capital and Flynn Group, was reported to be working on preparing a bid earlier this month
** Up to last close, stock has risen ~8% YTD
(Reporting by Neil J Kanatt in Bengaluru)
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Trian has no plans to make bid for Wendy's right now, sources say
Wendy's falls after Peltz's Trian has no take-private bid planned for chain, per sources
Trian has no plans to make bid for Wendy's right now, sources say