Tag: $Wendys

Wendy’s was surging on Wednesday after several users on Reddit’s WallStreetBets subreddit called for retail investors to buy shares in the struggling fast-food chain.

Nelson Peltz’s Trian Fund Management is seeking investor backing for a bid to take US fast-food chain Wendy’s private, after the restaurant operator’s shares have fallen more than 40 per cent over the past year.

Wendy’s is closing 140 restaurants in the coming months, the fast food chain announced this week. But the company said it would open an equal number of new locations in areas it believes can generate better business for Wendy’s.