Biz Brief: Wendy's/Arby's Up on Possible Takeover
In a regulatory filing, Trian said it is considering the inquiry and other alternatives, adding that it is planning to discuss debt or equity financing with interested groups.
While some believe this signals increased interest in the industry, analysts warn that Wendy's/Arby's hasn't been performing well, with a first quarter loss and revenue decline. Competitor McDonald's (MCD) has done significantly better.
Still, shares, which closed up 4.58% Thursday, jumped again Friday, up another 4% in early afternoon trading.