Wendy’s shares rise after Trian-led group makes $1.4 billion takeover offer
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A group led by Nelson Peltz’s Trian Fund Management offered $1.4 billion, or $7.35 a share in cash, to take Wendy’s private, a 20% premium to Tuesday’s close. Shares rose about 15% in premarket trading after six consecutive quarters of same-store sales declines.
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