Activist investor Peltz's Trian assembles group for Wendy's take-private bid

Trian Fund Management, the largest shareholder in Wendy's with a 16% stake, is preparing a take-private offer for the fast-food chain. Nelson Peltz's firm is reportedly building a consortium that includes franchisee Flynn Group and Abu Dhabi's BlueFive Capital. News of the potential bid sent Wendy's shares up 12%, boosting its enterprise value to $3.9 billion.