India, Aug. 12 -- Shares of The Wendy's Company (WEN) jumped as much as 15 percent on Wednesday after reports that Nelson Peltz's Trian Fund Management is preparing a proposal to take the struggling burger chain private.
Trading in the stock was temporarily halted due to volatility before resuming. The shares, which had gained only about 1 percent this year before Wednesday's move, were boosted by expectations that a potential takeover could unlock value for shareholders.
According to people familiar with the matter, Trian is assembling a group of investors that could include BlueFive Capital and Flynn Group, one of Wendy's longest-standing franchisees. A bid could be submitted in the coming weeks, although the timing could still change. ...