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Wendy's becomes takeover target for Nelson Peltz's Trian after losing ground to rivals

Trian Fund Management has offered $1.4 billion to take Wendy's private as the burger chain loses sales and market share to Burger King and McDonald's.

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Trian Fund Management has offered $1.4 billion to take Wendy's private as the burger chain loses sales and market share to Burger King and McDonald's.