Trian Offers $1.4 Billion Cash to Take Wendy's Private at $7.35 a Share

Nelson Peltz's Trian Fund Management has offered about $1.4 billion in cash to take Wendy's private, meaning buy all its shares and delist it, 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, per Yahoo Finance and KCBS Radio. Wendy's has not accepted.