Oct 28 (Reuters) – Nelson Peltz’s Trian Fund Management offered to take over burger chain Wendy’s for $1.4 billion, the Wall Street Journal said on Wednesday, citing people familiar with the matter.
Trian is leading a group that has offered to pay $7.35 a share in cash to take Wendy’s private, the report said.
Wendy’s and Trian did not immediately respond to Reuters requests for comment.
Shares of Wendy’s jumped about 15% to $7.05 premarket following the report.
(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Devika Syamnath)
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