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Market Chatter: Wendy's Take-Private Bid Could Come From Peltz-Backed Consortium

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Nelson Peltz's Trian Fund Management is building a consortium of investors for a take-private bid for Wendy's (WEN), the Financial Times reported Wednesday, citing people familiar with the matter.

The consortium, which may include Flynn Group and BlueFive, could submit its bid in the coming weeks, the report said, citing the people.

Wendy's and Trian didn't immediately reply to requests for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $8.45, Change: $+0.90, Percent Change: +11.85%

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