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Wendy’s Shares Tumble on Report Trian No Longer Preparing Take-Private Bid
Wendy’s shares tumbled Thursday.Credit: Katy Blackwood / NurPhoto via Getty ImagesKEY TAKEAWAYSWendy’s shares fell after reports that Trian Fund Management isn’t pursuing a take-private bid.The stock had surged nearly 15% two weeks ago on speculation of a potential buyout.A report that Wendy’s may be taken private caused shares to soar two weeks ago. A new report is causing them to tumble.Wendy’s (WEN) stock was recently down more than 13% after Reuters reported that Nelson Peltz’s Trian Fund Management has no plans to make a bid for Wendy’s right now. The move pulled the stock back from 2026…
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