Canadian-American fast-food holding company formed in 2014 by the Burger King and Tim Hortons merger
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Wendy’s has drawn activist interest as Nelson Peltz’s Trian Fund Management contemplates a bid to take the chain private. Shares have climbed amid speculation of new capital backing, though the company is reviewing any proposal with fiduciary care. Analysts note ongoing sales declines and a challenging macro environment for value-focused consumers.