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Trian Has No Immediate Plans to Bid for Wendys

Trian Fund Management currently has no plans to make a take-private bid for Wendys. The investment firm is giving the new chief executive time to execute a turnaround plan.

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FILE PHOTO: A Wendy's Co restaurant is pictured in Monrovia, California November 4, 2015. Burger chain Wendy's Co reported better-than-expected quarterly same-restaurant sales, pulling in customers in North America with an expanded menu and refurbished restaurants. REUTERS/Mario Anzuoni/File Photo

Nelson Peltz's Trian Fund Management has no plans to pursue a take-private bid for Wendy's Co at this time. The decision halts weeks of market speculation that had driven the fast-food chain's valuation higher. Investors sent shares up 14.7% earlier in the month following reports of a potential buyout consortium.
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