Peltz Declares Intentions For Wendy's |
| Forbes - Jul 3, 2007 |
Nelson Peltz is asking Wendy's International to put him on its menu -- of suitors.
The activist investor's operating company , Triarc, already owns roast-beef chain Arby's, and he's got a big stake in Wendy's. That burger chain has said it's been exploring all kinds of strategic options, including a sale of the company. In a filing with the U.S. Securities and Exchange Commission, Peltz said he's found the perfect buyer: him.
The filing said that Peltz's investing vehicle, Trian, was thinking about participating in the Wendy's auction. The firm also said it wasn't a fan of a restrictive one-year standstill clause Wendy's has requested. That agreement would mean Peltz would have to agree to refrain from purchasing additional stock in Wendy's or otherwise limit his holdings.
Read Full Article from Forbes
- Posted: 2007-07-04 10:18:16
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