A top fast food restaurant saw shares jump on rumors of a potential takeover by a leading investor. The move would follow up a busy 2021, which saw several large transactions in the space. Here’s a look at how merger and acquisition activity could shape up in the restaurant sector.
What Happened: A new filing from Wendy’s Co (NASDAQ:WEN) showed that Trian Fund Management owns 19.4% of Wendy’s with its partners. The fund run by Nelson Peltz said in the filing it will explore a transaction that could be a merger or acquisition.
