EconomyWendy’s shares jump on Peltz bid report

Wendy’s shares rose to their highest level in seven weeks after a report said Nelson Peltz’s Trian Fund Management was preparing a bid for the struggling fast-food chain. The proposed transaction would take Wendy’s private. The report drove a sharp market reaction, with the company’s stock climbing as investors assessed the possible takeover. Bloomberg’s Matt Monks discussed the development with Romaine Bostick on Bloomberg Deals.