Trian Proposes $1.4 Billion Cash Buyout of Wendy's at $7.35 a Share

Nelson Peltz's Trian Fund Management has offered about $1.4 billion in cash to take Wendy's private, the Wall Street Journal reported October 28. Trian and its partners proposed $7.35 per share, a premium of nearly 19% over the pre-bid price, according to Yahoo Finance and KCBS Radio. The company has not accepted the proposal.