The Wendy's is trading 15.15% higher at $7.07 in pre-market after reports that Trian Fund Management offered to buy the company. - Reports on October 28 described a proposed all-cash price of $7.35 per share, valuing the offer at about $1.4 billion, with a consortium reportedly involved. - The proposal was described as nonbinding; the cited reports do not establish company confirmation or a completed transaction. - The Wendy's closed at $6.14 on October 27.