🔴 The Wendy's is trading 13.38% down in pre-market after Reuters reported Trian has no take-private plans

The Wendy's is trading at $7.83 (-13.38%) after Reuters reported on August 26 that Trian Fund Management currently has no plans to make a take-private bid.

• The report reverses takeover expectations that had supported the stock earlier in August.
• Bloomberg also reported the decline followed the Reuters story, confirming the catalyst.
• The broader market was higher before trading, making general market weakness an unlikely explanation.