Wendy's Confirms Receipt of Acquisition Proposal From Trian-led Group

03:12 PM EDT, 10/28/2026 (MT Newswires) -- Wendy's (WEN) confirmed on Wednesday that it has received a non-binding proposal from a group led by Trian Fund Management to acquire the company for $7.35 per share in cash. The investor group includes Flynn Group, BlueFive Capital and Sixth Street Partners, the company said, adding that an independent committee will evaluate the proposal. Shares were up over 14% in afternoon trading. Price: 7.04, Change: +0.90, Percent Change: +14.58