Wendy’s stock rallies 15% as Nelson Peltz’s hedge fund Trian discloses nearly one-fifth stake in company

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Wendy’s stock rallies 15% as Nelson Peltz’s hedge fund Trian discloses nearly one-fifth stake in company

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Wallace Witkowski

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Wendy’s shares rallied after hours Tuesday as Nelson Peltz’s hedge fund Trian Partners’ disclosed a huge stake in the company and plans for a possible sale.

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