Trian-led group proposes $1.4 billion cash buyout of Wendy’s
Trian Fund Management, led by Nelson Peltz, proposed on Wednesday to acquire Wendy’s for $7.35 per share in cash and take the restaurant chain private. Flynn Group, BlueFive Capital and Sixth Street Partners are participating in the bid. Wendy’s has not accepted the proposal, which remains nonbinding and has not produced a definitive acquisition agreement.
