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Wendy’s shares surge 15% as investor group explores takeover bid

Photo: JHVEPhoto - stock.adobe.com

August 12, 2026

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Trian Fund Management, led by Nelson Peltz, is pushing to take Wendy's private with a group of investors, according to a Reuters report.

Wendy's shared were up 15% in morning trading. Trian, BlueFive Capital and Flynn Group are spearheading the takeover.

According to Reuters, a bid could be forthcoming. Peltz had attempted a takeover of the burger brand in 2022. He owns a 16.24% stake in Wendy's. Wendy's is valued at approximately $1.44 billion.

Wendy's had not returned a request for comment as of press time.