Nelson Peltz's Trian leads $1.4 billion offer to take Wendy's private

Nelson Peltz's Trian and its partners have offered to take Wendy's private for $7.35 per share in cash, an offer Reuters described as $1.4 billion. The bidders argue private ownership would provide capital for a turnaround, while CNBC reports six straight quarters of same-store sales declines. Wendy's confirmed receiving the proposal but said an independent committee would evaluate it, with no assurance it would pursue a transaction, Reuters reported.