GoKawiilNelson Peltz group offers $1.4 billion to take Wendy's private
Nelson Peltz's Trian Fund Management, along with BlueFive Capital, Sixth Street Partners and franchisee Flynn Group, has proposed buying Wendy's for $7.35 per share in cash, a deal valued around $1.4 billion and roughly 20% above the prior stock price. Wendy's shares jumped about 15% on the news. Trian and related entities already hold about 16% of Wendy's stock, and Peltz's son Bradley serves on the company's board.