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Trian Offers to Buy Wendy’s for $1.4B Cash

By Drooid · Oct 28, 2026 · How we work

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Summary

Nelson Peltz's Trian Fund Management offered to buy Wendy's for $1.4 billion in cash.
The offer price is $7.35 per share, about a 20% premium to Tuesday’s close.
Wendy's stock rose roughly 15%-17% in morning trading after the disclosure.
Peltz said taking Wendy's private would enable a prolonged turnaround amid weak lower-income demand.

History

After 3G Capital bought Burger King for $3.26 billion in 2010, it slashed costs, took the chain public in 2012 and merged it with Tim Hortons in 2014, creating Restaurant Brands International. The private-equity-led consolidation showed that struggling fast-food chains could be revived through buyouts, prompting Trian Fund Management’s 2024 $1.4 billion cash offer for Wendy’s.

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After 3G Capital bought Burger King for $3.26 billion in 2010, it slashed costs, took the chain public in 2012 and merged it with Tim Hortons in 2014, creating Restaurant Brands International. The private-equity-led consolidation showed that struggling fast-food chains could be revived through buyouts, prompting Trian Fund Management’s 2024 $1.4 billion cash offer for Wendy’s.

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