Wendy's climbs on Trian's $1.4 billion go-private offer

By Reuters News13:03 (UTC), 28 October 2026 Updated

** Shares of Wendy's WEN.O jump ~16% to $7.14 in premarket trading

** Nelson Peltz's Trian Fund Management offers to take the burger chain private for $1.4 billion

** Trian, a longtime Wendy's shareholder, is leading a group that has offered to pay $7.35 a share in cash, a roughly 20% premium to the stock's closing price on Tuesday

** Trian holds 16.3% of the fast-food chain along with related parties, a regulatory filing showed

** The news was first reported by the Wall Street Journal

** Up to last close, stock down about 26% YTD

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