Peltz’s Trian in talks to raise funds for Wendy’s take-private bid, FT reports

Activist investor Nelson Peltz’s Trian Fund Management is seeking investor backing for a bid to take fast-food chain Wendy’s (WEN) private, The Financial Times’ Sujeet Indap and Oliver Barnes report, citing people familiar with the matter. Trian has held discussions with outside investors, including in the Middle East, about funding a potential takeover of Wendy’s, according to people familiar with the matter. Peltz currently holds a 16% stake in Wendy’s, while Trian executive Peter May is on the Wendy’s board along with Bradley Peltz, one of Nelson Peltz’s sons.