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The Piney Point

The struggling burger chain Wendy's gets a buyout offer from activist investor Nelson Peltz

The struggling burger chain Wendy's gets a buyout offer from activist investor Nelson Peltz
Photo: KPRC 2 / Click2Houston (NBC) · view original

Shares of Wendy’s jumped 15% at the opening bell Wednesday after noted investor Nelson Peltz made an offer to buy the struggling burger chain. Wendy’s shares are down 25% in the past year following a years-long decline. The chain, founded in 1969 by Dave Thomas and named after his daughter, is kn...

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