Nelson Peltz's investment firm Trian has made a $3.8 billion offer to take Wendy's private. Wendy's shares jumped 15% after the offer; the chain has faced a difficult two-year stretch as diners eat out less often, and its shares are down 25% over the past year.
WHO:Trian, led by Nelson Peltz
WHAT:Trian made a $3.8 billion offer to take Wendy's private.
WHEN:Reported Oct 28, 2026 at 9:21 AM ET
WHERE:USA
WHY:The reason for Trian's offer was not reported.
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