India, Oct. 28 -- In a Securities and Exchange Commission filing, the burger chain Wendy's Co. (WEN) Wednesday revealed that it has received a $1.4 billion takeover offer Trian Fund Management group led by Nelson Peltz and Greg Flynn. The cash offer of $7.35 per share assumes approximately 194 million shares of Common Stock outstanding.
Shares of Wendy's jumped at the pre-market session to open at $7.01 at more than double the regular volume. The previous trading close was at $6.14. The shares have been trading in a range of 5.95-10.12 for the 52-week period.
In connection with the Proposal, Trian Management and Flynn have entered into a letter agreement.
As on October 28, 2026, Trian Management, and its affiliated funds and related part...