Nelson Peltz Reportedly Offers $1.4 Billion to Buy $WEN Amid Six Straight Quarters of Sales Declines

Nelson Peltz has reportedly offered $1.4 billion to acquire Wendy’s ($WEN).
Commenting on the bid, Yahoo Finance's Brian Sozzi stated, “Peltz would be buying a dumpster fire he helped create,” pointing to six consecutive quarters of declining same-store sales.