Nelson Peltz's group offers US$1.4 billion to take Wendy's private

Offer per share, in cash

7.35 US$

Trian Fund Management and partners offered US$7.35 per share in cash, a premium of roughly 20 per cent to Tuesday's close.

Trian already holds 16.3 per cent of Wendy's with related parties. The company said an independent committee will evaluate the offer, with no assurance it will pursue a deal.

Background

Wendy's withdrew its annual forecasts in August as cost-conscious customers dine out less, and had about US$2.4 billion in net debt as of Jun 28.