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Hedge Fund Private Equity

Trian target Wendy’s appoints new CEO

hedgeweek

2 months ago

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Wendy’s has named former company executive Robert Wright as chief executive officer, a leadership change that comes amid reports that activist hedge fund Trian Fund Management is exploring a take-private deal for the restaurant chain, according to a report by the Wall Street Journal.
The appointment follows a Financial Times report earlier this month that Trian, the hedge fund founded by Nelson Peltz and Wendy’s largest shareholder, has been sounding out investors about backing a potential acqui...

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