Monday, Dec 05, 2016
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Wendy's/Arby's eyeing acquisition overture

CHICAGO — Wendy's/Arby's Group Inc. Chairman Nelson Peltz said he's reviewing an overture from an unnamed group interested in acquiring the fast-food company.

His disclosure, made late Thursday in a regulatory filing, sent shares up 31 cents, or 7.1 percent, to $4.65 yesterday.

M. Peltz, whose investment firm owns 23.5 percent of the company's shares, gave few details, but he said the possible deal could include his participation and that he would discuss it with advisers.

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