Wendy's shares jump 15% as Nelson Peltz's Trian offers $1.4 billion to buy burger chain

Investors led by Nelson Peltz's Trian Fund Management offered $1.4 billion—$7.35 in cash per share, a 20% premium—to take Wendy's private. The proposal caused Wendy's stock to rise about 15% in morning trading following the regulatory filing.

Source: Wendy's shares jump 15% as Nelson Peltz's Trian offers $1.4 billion to buy burger chain — CNBC

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Topics: wendys · nelsonpeltz · trian · fastfood · business