Business

Wendy's Faces Potential Takeover Bid

Updated 2026-08-12 15:40 UTC 1 source Positive

Wendy’s stock surged after reports of a potential takeover bid from Trian Fund Management, led by Nelson Peltz. The activist investor has a long history with the fast-food chain.

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CNBC

Wendy's stock jumps on report of potential takeover bid from Nelson Peltz's Trian Fund Management

Peltz's relationship with Wendy's dates back to an activist campaign he led more than two decades ago.

2026-08-12 15:25 UTC