Wendy’s Shares Surge as Larger Holder Nelson Peltz to Explore Potential Deal

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Mr. Peltz currently controls 41,217,239 shares, or 19.24% of the shares outstanding.

The fund has retained financial, legal and/or other advisors or consultants to assist them in evaluating their investment in the Company and a potential transaction.

Shares of Wendy’s are down 32% year-to-date.