(Reuters) - LOS ANGELES, July 3 - Billionaire investor and
major Wendy's International Inc. shareholder Nelson
Peltz said on Tuesday that his restaurant company, Arby's
parent Triarc Cos. Inc. , would be a natural buyer for
the struggling hamburger chain.
In a letter to Wendy's Chairman James Pickett, Peltz said
he objected, however, to a so-called "standstill" clause that
would prevent Triarc from launching a hostile takeover bid if
the two companies do not reach a mutual merger agreement.
Read more at Reuters.com Government Filings News
major Wendy's International Inc. shareholder Nelson
Peltz said on Tuesday that his restaurant company, Arby's
parent Triarc Cos. Inc. , would be a natural buyer for
the struggling hamburger chain.
In a letter to Wendy's Chairman James Pickett, Peltz said
he objected, however, to a so-called "standstill" clause that
would prevent Triarc from launching a hostile takeover bid if
the two companies do not reach a mutual merger agreement.
Read more at Reuters.com Government Filings News
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