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October 29, 2026

Wendy’s, struggling with beef prices and competition, gets a buyout offer

By THE ASSOCIATED PRESS

Wendy’s shares jumped 15% at the opening bell Wednesday after noted investor Nelson Peltz made an offer to buy the chain, which has been struggling with high beef prices and aging stores.

Peltz’s Trian Fund Management and several partners are offering Wendy’s $7.35 per share in cash, or a premium of nearly 19% over the stock’s closing price on Tuesday, in a deal that would take the company private.


 
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