The Wendy's Company Confirms Receipt of Unsolicited Acquisition Proposal

The Wendy’s Company said it received an unsolicited, non-binding proposal from an investor group including Trian Fund Management, Flynn Group, BlueFive Capital, and Sixth Street Partners to acquire its remaining outstanding shares for $7.35 per share in cash. The board formed a committee of independent directors to evaluate the offer. Wendy’s said there is no assurance a deal will proceed or a definitive agreement will be reached, and shareholders need not take action at this time.