Trian changes Wendy's order

Trian Fund Management, the activist hedge fund led by Nelson Peltz, said it will not seek to take Wendy's (Nasdaq: WEN) private.

Why it matters: At the counter, this reflects how Wendy's has grown revenue, made C-suite changes, announced a share buyback and increased its dividend. In the kitchen, it's about Peltz turning his attention to a much more lucrative target in Disney.