NEW YORK Wendy’s International Inc. and potential suitor Triarc Cos. Inc., the restaurant concern controlled by activist investor Nelson Peltz, appear to be continuing their discussions about the No. 3 burger brand’s auction process despite passing a 5 p.m. deadline set by Peltz for the resolution of some issues. On Monday, Peltz said he was prepared to offer as much as $3.5 billion for Dublin, Ohio-based Wendy’s, a company in which he owns a 9.8-percent stake, but only if terms of a ...
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Contact: Desiree Torres Desiree.Torres@penton.com