Trian’s Peltz flags Wendy’s as undervalued

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Trian’s Peltz flags Wendy’s as undervalued

hedgeweek

4 months ago

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Activist hedge fund Trian Fund Management has reignited takeover speculation around Wendy’s after founder Nelson Peltz said the burger chain’s shares are undervalued, triggering a sharp rally in the stock, according to a report by Reuters.
In a regulatory filing, Peltz said Wendy’s current valuation does not reflect the company’s underlying potential, sending shares up as much as 18.6 per cent in intraday trading. Trian disclosed that it has held discussions with potential financing sources, co-...

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