Wendy's shares up on hopes of near-term sale

July 31, 2007

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Shares of Wendy's International Inc. (WEN.N: Quote, Profile, Research) rose 4.7 percent on Tuesday, a day after billionaire investor Nelson Peltz said his restaurant company, Triarc Cos. Inc. (TRY.N: Quote, Profile, Research), could offer up to $41 a share for the hamburger chain.

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Arbys Restaurant Group
Arby's Restaurant Group, Inc., based in Atlanta, is the franchisor of the Arby's restaurant system, which consists of more than 3,500 restaurants worldwide.
Wendys
The Wendy's brand is since September 30, 2008 owned by Wendy's Arby's Group Inc. Wendy's Old Fashioned Hamburgers® is the third largest quick-service hamburger restaurant chain in the world, with more than 6,700 restaurants in North America and international markets.

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