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Trian offers $7.35 a share to take Wendy's private
The Associated Press reported that Nelson Peltz's Trian Fund Management and partners offered $7.35 a share in cash for Wendy's, valuing the chain at $1.4 billion, and that the board formed an independent committee.
- New headline Was: “Wendy's, struggling with beef prices and growing competition, gets a buyout offer”
- Our desk filed its story
Based on reporting by AP
Nelson Peltz's Trian Fund Management and several partners made an unsolicited cash offer of $7.35 a share for The Wendy's Company, a bid the Associated Press said would take the Dublin, Ohio-based burger chain private at a value of $1.4 billion1.
The Associated Press said that price was nearly 19 percent above Tuesday's close and that Wendy's shares rose more than 14 percent on Wednesday after the proposal became public1. Wendy's confirmed it received the offer and said its board formed an independent committee to evaluate it1.
The wire said Trian described going private as the better path for stakeholders and pointed to consumer pressure, commodity inflation and burger-chain competition1. Wendy's, according to the same report, said it was moving urgently on menu, marketing and store operations under President and CEO Bob Wright, hired in May as the company's fourth chief executive since 20241.
The Associated Press cited Technomic figures that Wendy's U.S. burger-chain sales share fell from 11.5 percent in 2019 to 10.4 percent last year, and said the company closed 240 restaurants in 2024 and planned as many as 358 closures in 20261. Whether the board will accept the bid, and on what terms, was not decided in this coverage1.
