Wendy's shares jump after billionaire offers to buy the chain

Wendy's stock rose 15 percent on Wednesday. The gain followed a public offer to buy the company by investor Nelson Peltz.

Peltz leads Trian Fund Management. His fund and several partners are offering 7.35 dollars in cash for each share. That price is nearly 19 percent higher than the closing price on Tuesday. Wendy's shares ended the day at 7.05 dollars, up 91 cents.

The company has struggled in recent years. Shares dropped 25 percent over the last twelve months. Sales at existing restaurants fell in the first two quarters of 2026. This continues a decline that has lasted more than two years. Wendy's was founded in 1969 by Dave Thomas. It is known for square burgers and Frosty desserts.

Peltz sent a letter to the board of directors. He wrote that taking the company private would provide the best outcome for stakeholders. He described the company as being at a critical juncture. He cited pressure on the US consumer, economic uncertainty, and high costs for raw materials. He also noted intense competition in the fast food burger category.

Trian holds a 16.3 percent stake in Wendy's. This figure comes from a regulatory document filed on Wednesday. Peltz has invested in other major companies, including Procter & Gamble, Disney, and DuPont.

Wendy's is based in Dublin, Ohio. The company declined to comment on the offer. It plans to release its quarterly financial results next week. Analysts expect a profit of 9 cents per share and total sales of 531 million dollars.