Updated Version 2 - Correction - Wendy's received a $1.4 billion acquisition offer from Trian, led by Peltz

Source adjustment

Reuters, October 28 - A regulatory filing disclosed on Wednesday showed that Nelson Peltz’s Trian Fund Management has made an offer to take Wendy's (WEN.O) private, valuing the burger chain at approximately $1.4 billion.

As a long-term shareholder of Wendy's, Trian is leading a consortium to acquire the fast-food chain for $7.35 per share in cash.

This offer represents a premium of about 20% over Wendy's closing price on Tuesday, when the company was valued at around $1.2 billion.

The news was first reported by The Wall Street Journal.

(For the convenience of non-English speakers, Reuters has automatically translated its reports into several other languages. Because automated translation may contain errors or lack the required context, Reuters does not guarantee the accuracy of the automated translation, which is provided for readers’ convenience only. Reuters accepts no liability for any damage or loss caused by the use of the automated translation function.)