Wendy's stock surges on report of potential buyout bid

Investing.com -- Wendy's (NASDAQ: WEN) shares jumped as much as 12% in premarket trading on Tuesday following a Financial Times report that Nelson Peltz's Trian Fund Management is seeking investor backing for a bid to take the burger chain operator private.

According to the Financial Times, Trian has held discussions with outside investors in recent weeks, including in the Middle East, about financing a potential takeover of the fast-food chain.

The report noted that Trian has not made a formal approach to buy Wendy's and there is no guarantee that the financing discussions will result in a takeover bid. Wendy's did not immediately respond to requests for comment from the Financial Times, while Trian declined to comment.

Trian Fund Management, the activist investment firm led by Peltz, has a history with Wendy's.

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