Peltz's Privatization Play: A Familiar Script for a Troubled Company Nelson Peltz's Trian Fund Management is reportedly putting together a proposal to take The Wendy's Company private, sending shares soaring by as much as 16% in recent days.
This development reveals a more nuanced story about a company struggling to adapt to changing market conditions. Peltz's involvement with Wendy's is not new; his firm already holds the largest stake, with a 7.
85% share, while he personally owns nearly 17%. His relationship with the company spans over two decades, including a stint as chairman, and this is not his first attempt at taking it private.