Wendy's Confirms Receiving Trian Fund Management's Proposed $7.35 Per Share Acquisition Offer; No Assurance To Pursue Offer Or Not

The Wendy's Company (NASDAQ:WEN) ("Wendy's" or the "Company") today confirmed that it received an unsolicited, non-binding proposal from Trian Fund Management, L.P. ("Trian Partners"), Flynn Group LP, BlueFive Capital and Sixth Street Partners (the "Investor Group") to acquire all of the outstanding shares of common stock of Wendy's not currently owned by the Investor Group for $7.35 per share in cash (the "Proposal").