Fast-food chain Wendy’s may be up for sale as the restaurant struggles with rising commodity and labor costs.
According to a May 24 filing with the U.S. Securities and Exchange Commission, The Wendy’s Company Chairman Nelson Peltz said that his management fund, Trian Partners, wants to explore a possible sale or merger for the restaurant chain.
Trian Fund Management owns 19 percent of the company and is the largest shareholder.
“Such a potential transaction could include an acquisition, business combination such as a merger or other transaction that would result in the acquisition of control of the company by the filing persons,” the Schedule 13D/A states….