Earlier today, the Wall Street Journal reported that “Nelson Peltz’s hedge fund Trian Fund Management is offering to buy fast-food chain Wendy’s for around $1.4 billion, according to people familiar with the matter. Trian, a longtime shareholder in Wendy’s, is leading a group that has offered to pay $7.35 a share in cash to take Wendy’s, the people said. The restaurant operator Flynn Group and the investment firms BlueFive Capital and Sixth Street Partners are working with Trian. The group’s nonbinding bid is expected to be disclosed in a regulatory filing later Wednesday morning. Wendy’s had a market value of roughly $1.2 billion as of Tuesday’s close. The bid represents a roughly 20% premium over the closing price. The fast-food company’s stock is down roughly 70% over the past five years…” For more info: