@dershpiel: Jewish billionaire Nelson Peltz’s investment firm Trian and its partners have offered to buy Wendy’s in a deal valuing the company’s shares at approximately $1.4 billion. The group is offering $7.35 per share in cash, roughly 20% above Tuesday’s closing price, to buy the shares it does not already own. The offer comes as Wendy’s struggles with rising beef costs, competition and aging restaurants. The chain has more than 7,000 locations worldwide and previously announced plans to close hundreds of restaurants this year. Wendy’s confirmed the proposal on October 28 and said an independent board committee will review it. No sale has been agreed.

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Thursday 29 October 2026 19:19:53 GMT