Wendy’s Largest Shareholder No Longer Interested in Acquisition of Company

Nelson Peltz isn’t interested in acquiring Wendy’s, according to a regulatory filing made on Friday.

Peltz serves as non-executive chair on the burger chain’s board and as chief executive of activist firm Trian Fund Management, which is its largest shareholder. In May, Trian said it was exploring a potential deal with the company to “enhance shareholder value” that could include an acquisition or merger.

“Trian believes that the Company is well-positioned to deliver significant long-term value for shareholders and looks forward to continuing to work with the Board and leadership team to do so,” Peltz said in a statement Friday.

Read the source article at cnbc.com