Wendy's shares soar 15% after billionaire Nelson Peltz says stock is undervalued

Activist investor Nelson Peltz said in an SEC filing on Wednesday that the fast-food chain Wendy’s stock is currently undervalued, sending its shares up about 15%.According to the filing, Peltz’s Trian Fund Management has spoken with possible financing sources, co‑investors, and strategic partners about potential deals including an acquisition or other major transactions that could give the firm control of the company.Back in 2022, Peltz had considered a potential takeover bid for the burger chain.Activist ...