Updated: Wendy's rejected the $1.4 billion acquisition offer led by Trian

The full text includes supplementary information on stock prices and background.

Reuters, November 5 - Wendy's (WEN.O) said on Thursday it had rejected a $1.4 billion privatization buyout offer from activist investor Nelson Peltz's Trian Fund Management and its partners, fending off pressure from one of its largest shareholders.

Wendy's (Wendy's) shares fell about 4% in premarket trading.

Peltz's proposed acquisition deal included partners such as restaurant operator Flynn Group, as well as investment firms BlueFive Capital and Sixth Street Partners.

Wendy's and Trian Fund Management have not yet immediately responded to Reuters' request for comment.

(To facilitate non-native English speakers, Reuters automatically translates its reports into several other languages. As automated translation may contain errors or may not include context, Reuters does not guarantee the accuracy of the translated text and provides it for reader convenience only. Reuters accepts no responsibility for any damage or loss caused by use of the automated translation feature.)