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The Wendy's Company Confirms Receipt of Unsolicited Proposal from Trian Partners

WEN
  • The Wendy's Company confirmed receipt of an unsolicited, non-binding proposal from Trian Partners, Flynn Group LP, BlueFive Capital, & Sixth Street Partners to acquire outstanding shares for $7.35 per share in cash.
  • The Wendy's Board formed an independent committee to evaluate the proposal in consultation with financial & legal advisors consistent with fiduciary duties.
  • No assurance exists that the transaction will be pursued, approved, or consummated, & the Company does not intend to disclose further details unless necessary.
  • CEO Bob Wright is leading efforts to improve performance through menu quality, demand-driven marketing, operational excellence, digital frequency, & restaurant growth.
  • Wendy's plans to share strategic details & Q3 financial results on the earnings call scheduled for November 5, 2026.
  • Morgan Stanley serves as financial advisor & Simpson Thacher & Bartlett acts as legal counsel for the independent committee.
  • Forward-looking statements regarding future performance are included but are subject to risks & uncertainties outlined in SEC filings.
  • Wendy's operates over 7,000 restaurants worldwide, employs hundreds of thousands, & supports the Dave Thomas Foundation for Adoption.