Key Points
  • A group of investors led by Nelson Peltz's Trian Fund Management has offered $1.4 billion to buy Wendy's, according to a regulatory filing Wednesday.
  • The take-private deal offer comes after a tough two-year stretch for the burger chain.

A group of investors led by Nelson Peltz's Trian Fund Management has offered $1.4 billion to buy Wendy's, according to a regulatory filing Wednesday.

The group has offered $7.35 per share in cash to take the burger chain private. In addition to Trian, it includes investment firms BlueFive Capital and Sixth Street Partners, plus Flynn Group, one of Wendy's largest franchisees.

The take-private deal offer comes after a tough two-year stretch for the burger chain. Budget-conscious diners have been eating out less often. Wendy's and its rivals have leaned into discounts to lure consumers into restaurants.

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