UPDATE 1-Peltz's Trian in talks to raise funds for Wendy’s go-private bid, FT reports

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May 12 (Reuters) - Activist investor Nelson Peltz's Trian Fund Management is seeking investor backing for a bid to take fast-food chain Wendy’s WEN.O private, the Financial Times reported on Tuesday, citing people familiar with the matter.

Reuters could not immediately confirm the report. Wendy's and Trian did not immediately respond to requests for comment.

Trian held discussions with outside investors, including in the Middle East, about funding a potential takeover of Wendy's, the report said.

Peltz had considered a potential takeover bid for the burger chain in 2022. In February he said that Wendy's stock was undervalued, adding that it had spoke with possible financing sources about potential deals including an acquisition or other major transactions.

Peltz currently holds a 16.24% stake in Wendy's, up from 16.09% held in July last year. The investment firm's stake also rose to 7.85% from 7.78% in July last year.




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