Wendy's shares jump 12% as Nelson Peltz plans to take the company private

Wendy's stock surged over 12% after reports that billionaire investor Nelson Peltz's Trian Fund Management is preparing a bid to take the fast-food chain private. Trian, which already owns 16% of Wendy's, is expected to partner with major franchisees and investment groups for the deal. Peltz has a history with Wendy's, having served as chairman and previously considering a takeover. The company’s board will review any proposal to maximize shareholder value. This move could reshape Wendy's ownership and strategy if approved.