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Trian Fund Management offers to acquire Wendy’s for $1.4bn

Reported · Written up by our desk · Equity Funds

Trian Fund Management has joined a group of investors in proposing a $1.4bn acquisition of Wendy’s, according to The Globe and Mail, in a potential take-private deal that could give the fast-food chain greater flexibility to pursue a turnaround strategy. The proposal values Wendy’s shares at $7.35 each in cash. Trian, already the company’s largest shareholder, is partnering with restaurant operator Flynn Group, BlueFive Capital and Sixth Street Partners on the offer. Wendy’s has confirmed receipt of the unsolicited, non-binding proposal and said an independent committee will evaluate the offer

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