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Cranberry Journal

Wednesday, October 28, 2026

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At the close · Oct 28

Fast Food

Tagged stories

A Wendy's restaurant with a stone and stucco exterior, red patio umbrellas and a single grey car parked in front, under a clear blue sky.
Business

Trian Has Offered $7.35 a Share to Take Wendy's Private, About $1.4 Billion. That Is Roughly Half the $2.7 Billion of Debt the Bidders Would Keep.

Nelson Peltz's Trian Fund Management and Flynn Group, one of the largest Wendy's franchisees, proposed on 28 October to buy the shares of The Wendy's Company they do not own for $7.35 each in cash, about 20 per cent above Tuesday's close. On the 194.0 million fully diluted shares the letter assumes, that is about $1.4 billion. The proposal is non-binding and nothing has been signed.

By Daniel Okafor  

A basket of french fries on a wooden table.
Business

Fast-Food Traffic Fell. Lamb Weston Sold 7 Per Cent More Fries in North America, Helped by the Chicken Chains.

Lamb Weston, a leading supplier of frozen fries to restaurant chains, grew North American sales volume for a seventh consecutive quarter even as fast-food traffic fell. Its executives credit chicken chains, whose traffic rose 4 per cent, for part of the gain. In Europe, where it says the industry had too much capacity, it has stopped making fries at a Dutch plant.

By Cory Chamberlain