Big Law

Wendy’s Largest Investor Considers Taking the Company Private

Wendy’s Co.’s largest investor, Nelson Peltz, is reportedly thinking of taking over the fast-food chain and possibly turning it into a private company. The potential bid was revealed through a regulatory filing that was filed on Tuesday this week.

The billionaire shareholder was said to have invested in Wendy’s Co. more than two decades ago, and now he is considering a takeover. According to Reuters, the burger joint’s shares increased by around 14% in extended trading after Peltz divulged in the filing that his company, the Trian Fund Management, has raised its share to 19.24%, which was only 18.41% in August 2019. 

Read the source article at econotimes.com

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