Nelson Peltz's Firm Offers to Buy All of Wendy's for Cash

Nelson Peltz's investment firm, Trian Fund Management, has offered about $1.4 billion in cash to buy all of Wendy's shares and take it off the stock market, the Wall Street Journal reported October 28. Trian and its partners offered $7.35 a share, nearly 19% more than the price before the bid, according to Yahoo Finance and KCBS Radio. Wendy's has not accepted.