Wendy’s Largest Shareholder Trian Explores Burger-Chain Deal

Trian Fund Management LP,

Wendy’s Co.

WEN -2.34%

’s largest shareholder, said it is exploring an acquisition or another potential deal for the fast-food restaurant, as it works to improve sales and deals with rising costs.

The activist hedge fund said it advised the fast-food restaurant chain’s board that it intends to explore and evaluate a potential transaction, alone or with third parties, to…

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