What to know

• Trian Fund Management offered to acquire all outstanding shares of Wendy’s for about $1.4 billion in cash in a filing on Wednesday. Michael Halen on Bloomberg Intelligence has more on Bloomberg Television. (Source: Bloomberg)S1
• Approach marks latest episode in investment firm’s longstanding involvement with the burger and shake companyS2
• Nelson Peltz’s Trian Fund Management offered to buy out Wendy’s Co. for about $1.4 billion, saying the burger chain will be better off attempting a multiyear turnaround bid as a private company.S3