Activist investor Nelson Peltz has offered $1.4 billion to buy fast-food chain Wendy's (WEN). Yahoo Finance Executive Editor Brian Sozzi argues the chain has declined in quality over the years, citing six straight quarters of falling same-store sales, poor food quality, broken in-store machines and a large franchisee's bankruptcy filing that aims to close many restaurants. He says Peltz, who sat on the board for years and was a major investor, shares some responsibility for the downturn, while crediting his activist campaigns at Disney and Procter & Gamble. Sozzi says Peltz has not delivered at Wendy's but may do better if it becomes a private company.
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