Trian Fund Management reportedly offers to buy Wendy's for $1.4 billion
WEN•Trian Fund Management reportedly offered to buy Wendy's for $1.4 billion. A group led by Trian offered $7.35 a share in cash to take Wendy's private.
1. Cash offer
A group led by Trian Fund Management offered $7.35 a share in cash to take Wendy's private, reportedly valuing the burger chain at $1.4 billion.
2. Shares jump
Wendy's shares rose about 15% to $7.05 in premarket trading following the report. Wendy's and Trian did not immediately respond to requests for comment.
