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.
