Tuesday, July 3, 2007

UPDATE 3-Peltz says Triarc "natural" buyer for Wendy's

(Reuters) - NEW YORK, July 3 - Billionaire investor Nelson Peltz said on Tuesday his Triarc Cos. Inc. would be a "natural, strategic buyer" for Wendy's International Inc. , which is exploring a sale of the company.



In a letter to Wendy's Chairman James Pickett, Peltz said that for all Wendy's shareholders to benefit, "the board's fiduciary duties require that a synergistic buyer such as Triarc should not be impeded from participating in the sale process."


Read more at Reuters.com Mergers News

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