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Trian Fund Management offers to buy Wendy's for $1.4 billion, WSJ reports

By Reuters News

Oct 28 (Reuters) - Nelson Peltz's Trian Fund Management offered to take over burger chain Wendy's WEN.O for $1.4 billion, the Wall Street Journal said on Wednesday, citing people familiar with the matter.

Trian is leading a group that has offered to pay $7.35 a share in cash to take Wendy's private, the report said.

Wendy's and Trian did not immediately respond to Reuters requests for comment.

Shares of Wendy's jumped about 15% to $7.05 premarket following the report.

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