Wendy’s slides to third in US burger wars, draws $1.4bn takeover bid from Nelson Peltz
U.S. sales at established restaurants have fallen for six straight quarters; Trian Fund Management has offered to take the chain private.
Wendy’s, once the second-largest burger chain in the United States, has slipped to third place behind a resurgent Burger King and is now the target of a $1.4 billion takeover bid from Nelson Peltz’s Trian Fund Management, according to a Fortune report.