Wendy’s Largest Shareholder Trian Explores Burger-Chain Deal

Wendy’s Largest Shareholder Trian Explores Burger-Chain Deal



Trian Fund Management LP, Wendy’s Co. ’s largest shareholder, said it is exploring an acquisition or another potential deal for the fast-food restaurant, as it works to improve sales and deals with rising costs.

The activist hedge fund said it advised the fast-food restaurant chain’s board that it intends to explore and evaluate a potential transaction, alone or with third parties, to enhance shareholder value, according to a securities filing late Tuesday. A potential transaction could include an acquisition, merger or other deal that would result in control of Wendy’s, according to the filing.



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Author: Shirley