Wendy's shares rise on report investor Nelson Peltz preparing bid for co - WEN News | RalliesWendy's shares rise on report investor Nelson Peltz preparing bid for co
W
WEN• Shares rise on bid report
- Shares of U.S. burger chain Wendy's
WEN.O rise about 15% to $8.7
- Nelson Peltz's Trian Fund Management seeks to take Wendy's private with backing from a consortium, a Reuters report says, quoting a source
- Source says consortium includes Bugatti-backer BlueFive Capital and Flynn Group
- A bid can be submitted in the coming weeks, source says
Recent results and stock performance
- Earlier this month, Wendy's missed Q2 adjusted revenue estimates driven by lower U.S. same-restaurant sales and withdrew FY 2026 outlook
- As of last close, stock has fallen 9.36%
STLE
•
