Peltz’s Trian Signals Possible Takeover, Pushing Wendy’s Shares Higher
Activist investor Nelson Peltz’s Trian Fund Management filed with regulators indicating renewed interest in strategic transactions that could lead to control of The Wendy’s Co. The disclosure, together with a 16.24% stake held by Peltz, propelled Wendy’s shares roughly 14.5% higher amid concerns over the chain’s weakening U.S. same-restaurant sales…