Biz Brief: Wendy's/Arby's Up on Possible Takeover

Wendy'sNelson Peltz said Thursday he was approached by a third party about the possibility of participating in a takeover of Wendy's/Arby's (WEN). Peltz's Trian Fund Management is the biggest shareholder in the fast food chain with a 23.6% stake.

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.
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