Nelson Peltz’s Trian Fund Management is reportedly considering a take-private deal for The Wendy's Company, according to the Financial Times.

A bidding war for Janus Henderson Group Plc broke out Thursday as Victory Capital Holdings Inc. offered to buy the money manager for $57.04 a share, in a move that topped a previous offer from Nelson Peltz’s Trian Fund Management.

Wendy's has announced a reduction in its dividend payout, a move that comes as activist investor Nelson Peltz's firm Trian Fund Management reportedly increases its stake and influence.

JPMorgan Chase & Co. is leading a push by Wall Street banks to offload risky loans for acquisitions. The latest is a $2 billion debt sale to finance the purchase of asset manager Janus Henderson Group Plc by Nelson Peltz’s Trian Fund Management and General Catalyst.

Wendy's has tapped the former CEO of Potbelly to lead the struggling burger chain, amidst reports that Nelson Peltz's Trian Fund Management is seeking funding to take Wendy's private.

The cash-and-stock offer is aimed at trumping an agreed deal led by Nelson Peltz’s Trian Fund Management