WEN Stock Plunges 15% — Trian Reportedly Drops Take-Private Bid Plans, Citing Wendy’s Performance And Valuation
Trian was reportedly exploring a potential takeover of Wendy’s earlier this month with a group of investors including BlueFive Capital and Wendy’s franchisee Flynn Group. Nelson Peltz and Trian Partners reportedly hold more than 24% of Wendy’s, making them the company’s largest shareholder. Wendy’s CEO Bob Wright has launched a five-point turnaround plan after acknowledging … Read more