A group of investors is agitating for change at a London-listed investment vehicle managed by shareholder activist Trian Fund Management LP, arguing that the company has deviated from its original purpose when it went public nearly four years ago. The group, made up of Invesco Ltd. IVZ 0.94% , Janus Henderson Investors UK Ltd., Pelham … Read more
Text size Wendy’s said its board will “carefully review” any proposal by Trian Fund Management. Justin Sullivan/Getty Images Wendy’s shares soared in premarket trading Wednesday after its largest shareholder, Trian Fund Management ,said that it is considering a potential takeover bid for the burger chain. Trian, the investment vehicle of billionaire Nelson Peltz, said that … Read more
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 … Read more
Justin Sullivan/Getty Images News Wendy’s (NASDAQ:WEN) jumped 18% in after hours trading after its largest holder Trian proposed a potential acquisition of the fast-food chain. Trian Partners, which is run by famed billionaire investor Nelson Peltz, disclosed owning a total of 41.6 million shares of Wendy’s (WEN), or a 19.4% stake, in a 13D filing. … Read more
Trian fund exits Comcast, reduces stake in Procter & Gamble, raises stake in Invesco Source link