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Burger King accelerates turnaround investments and operational revamps to protect its number-two domestic market share against an aggressive Wendy's.
Burger King's modernization push and targeted value promotions are delivering results as cash-strapped consumers seek affordability in quick-service dining.
Wendy's shares surged following disclosures that billionaire activist Nelson Peltz and Trian Fund Management are assessing a potential buyout transaction.
Nelson Peltz's Trian Fund Management is weighing an acquisition of Wendy's in a transaction aimed at taking the quick-service restaurant chain private.
DoorDash is weighing a transformative deal to acquire grocery delivery titan Instacart, signaling aggressive consolidation across the gig economy.