Why Wendy’s (WEN) Is Back in the Takeover Spotlight

The Wendy’s Company (NASDAQ:WEN) is one of the best M&A target stocks to buy now.

The Wendy’s Company (NASDAQ:WEN) moved back into the takeover spotlight on May 12 after Reuters reported, citing the Financial Times, that Nelson Peltz’s Trian Fund Management was exploring funding for a possible take-private bid for the fast-food chain. The report said Trian was seeking financial backing, including from Middle Eastern investors, and came after a February filing in which Peltz said Wendy’s shares were undervalued and disclosed discussions with potential financing sources, co-investors, and strategic partners about possible transactions involving control of the company. Peltz held a 16.24% stake in Wendy’s, while Trian’s stake had risen to 7.85%, according to Reuters.

Why Wendy’s (WEN) Is Back in the Takeover Spotlight

The potential M&A angle comes as Wendy’s is working through weaker U.S. trends while still showing international growth. On February 13, the company said full-year 2025 global systemwide sales fell 3.5%, while international systemwide sales grew 8.1%, supported by 121 net new international restaurants. The company also said it was making progress on its Project Fresh turnaround plan in the U.S.

The Wendy’s Company (NASDAQ:WEN) operates and franchises quick-service restaurants across the U.S. and international markets.

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