Wendy’s logo sign is seen in Chicago, Illinois, United States, on July 29, 2026.
Marcin Golba | Nurphoto | Getty Images
Shares of Wendy’s jumped as much as 15% in morning trading on Wednesday after the Financial Times reported that Nelson Peltz’s Trian Fund Management is preparing a takeover bid for the struggling burger chain.
The stock, which is only up about 1% this year, was temporarily halted for volatility.
Trian is working on a proposal with backing from an assortment of other investors, like BlueFive Capital and the Flynn Group, a large Wendy’s franchisee, according to the report, which cited sources familiar with the matter.
Representatives for Peltz and Wendy’s did not immediately respond to requests for comment from CNBC.
The report comes days after Wendy’s reported its sixth straight quarter of same-store sales declines. That disappointing performance has helped Restaurant Brands International’s Burger King overtake Wendy’s…
