Peltz-Backed Consortium Eyes Wendy’s Take-Private Bid
Nelson Peltz’s Trian Fund Management is assembling a co-investor group, including BlueFive Capital and Flynn Group, to pursue a take-private bid for Wendy’s, with a formal offer potentially in the coming weeks; Wendy’s—owner of about 7,000 US stores and facing sales and cost pressures—would have to be reviewed by its independent directors if a bid materialises.