- Wendy's received an unsolicited, non-binding proposal from Trian Fund Management, Flynn Group, BlueFive Capital and Sixth Street Partners.
Wendy's confirmed receipt of an unsolicited, non-binding cash proposal from Trian Partners and co-investors to acquire the shares they do not already own at $7.35 per share. An independent board committee will evaluate the offer. No deal is assured. The company plans to detail its strategy on its November 5 earnings call.
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