Wendy's stock climbs as traders digest a report from the FT that Nelson Peltz is prepping a buyout bid to take the company private.
Shares of Wendy's Co.
(NASDAQ:WEN) jumped Wednesday after the Financial Times reported that activist investor Nelson Peltz is laying groundwork for a bid to take the fast-food chain private.
WEN stock is climbing.
See the real-time price action here.
According to the report, Peltz's Trian Fund Management is assembling a consortium that could include BlueFive Capital and Flynn Group, one of Wendy's largest franchisees.
Nelson Peltz's Trian preparing take-private bid for Wendy's
Wendy's stock jumps on report of potential takeover bid from Nelson Peltz's Trian Fund Management
Here’s Why Wendy’s Stock Is Up Big Today
Dow Jones Top Company Headlines at 3 PM ET: Paramount Has Discussed Creating a Board to Ensure CNN's Independence | Wendy's ...
The activist firm is working with BlueFive Capital and franchisee Flynn Group on a proposal expected in the coming weeks
Peltz's relationship with Wendy's dates back to an activist campaign he led more than two decades ago.
Wendy’s shares also rallied in June following a Reddit-fueled meme-stock frenzy.
Nelson Peltz's Trian Fund Management is seeking funding to take Wendy's private, according to a Financial Times report.
WEN stock skyrockets 16% premarket. Discover how a new CFO appointment sparked a massive retail-driven short squeeze for Wendy’s.
Wendy's stock surges as retail investors pile in with speculation of a short squeeze and social media chatter fueling the move.
