Wendy's falls after Peltz's Trian has no take-private bid planned for chain, per sources
WEN•Shares fall after report on no take-private bid
** 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
