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Billionaire investor Nelson Peltz makes move to buy struggling Wendy's

Wendy's ( WEN ) may be cooking up burgers for a billionaire soon. Longtime Wendy's investor and former chairman Nelson Peltz of Trian Partners has reportedly offered $1.4 billion to buy the struggling fast food giant , according to an SEC filing. Wendy's shares rose 15% in early trading. The company's market cap was $1.17 billion prior to the deal. A Wendy's spokesperson didn't return a request for comment. A spokesperson for Trian Partners didn't return a request for comment. Billionaire Peltz