CHICAGO — Wendy’s/Arby’s Group Inc. chairman Nelson Peltz said he’s reviewing an overture from an unnamed group interested in acquiring the fast-food company.
His disclosure, made late Thursday in a regulatory filing, sent shares up 31 cents, or 7.1 percent, to $4.65 Friday. Peltz, whose investment firm owns 23.5 percent of the company’s shares, gave few details about the inquiry. But he said the possible deal could include his participation and that he would work with financial advisers to discuss the transaction.
Peltz said he likely would meet with debt and equity financing sources regarding a possible deal.
Peltz led Arby’s former parent Triarc Cos., which acquired Wendy’s in 2008.
A spokesman for the fast-food chain declined to comment Friday, as did a representative from Peltz’s Trian Fund Management.
Wendy’s/Arby’s Group, based in Atlanta, has struggled during the recession as customers scaled back on even cheap eats like fast food. The Associated Press
