Wendy's shares jump 15% as Trian group offers $1.4 billion to buy burger chain
Bid of $7.35 a share in cash is a 20% premium to Tuesday's closing price
A group of investors led by Nelson Peltz's Trian Fund Management has offered $1.4 billion to buy Wendy's, proposing to take the burger chain private at $7.35 a share in cash, a 20% premium over Tuesday's closing price. The offer sent Wendy's shares up about 15% in premarket trading.