A major
shareholder who has pressured Wendy's International Inc. to
increase stock value said Tuesday that he is considering a purchase
of the nation's third-largest hamburger chain.
Billionaire Nelson Peltz said his company, owner of the fast-food chain Arby's, would be a "natural, strategic buyer" for Wendy's, according to a letter he sent to Wendy's chairman, but it seems that the company is blocking him.
Peltz, who runs the Trian Fund, also revealed in the filing that he and his allies have increased their stake to 9.8 percent of company shares, from 8.4 percent.
Peltz' company Triarc Cos. controls Arby's, which has more than 3,000 restaurants in Canada and the US.
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Billionaire Nelson Peltz said his company, owner of the fast-food chain Arby's, would be a "natural, strategic buyer" for Wendy's, according to a letter he sent to Wendy's chairman, but it seems that the company is blocking him.
Peltz, who runs the Trian Fund, also revealed in the filing that he and his allies have increased their stake to 9.8 percent of company shares, from 8.4 percent.
Peltz' company Triarc Cos. controls Arby's, which has more than 3,000 restaurants in Canada and the US.
For the complete article click here
