Wendy’s - what do you think the chances are of a take over vs multi year turn around?

I’ve use to own a bunch of Wendy’s shares paying a nice 3-4% dividend as the #3 player in the US back in the day. They had a Dutch Tender Offering in the mid to late 2010’s for like $21 or $22 a share so i sold them all. Haven’t looked back up until late 2025 when i found it on my dividend screened paying >6%. The company has struggled to grow. Its market cap was down to $1.3 billion with the physical land/buildings worth about $1-1.1 billion this valuing the brand at like $100 -200 million which sounds off. I bought a bunch of shares between $8.50 down to 6.80. Now Nelson Peltz buys a stake in it, stating how it’s undervalued with at almost 7% dividend.

\- What do you do???? Sell it all with the activist in? Or

\- wait for a buyout offer as it’s still undervalued at $1.5 billion market cap?

\- hope Nelson Peltz buys the whole thing and take it private

\- hold and wait for the multi year turn around knowing they will probdlby demand the divivend get cut and they spend to upgrade restaurants?