Triarc Focusing on Food
As expected, billionaire activist investor Nelson Peltz has not stopped to pose for pictures after getting regulatory approval to invest in Cheesecake Factory (see
earlier blog posting). Peltz may be sharpening his focus on food companies, in hopes of consumating a deal to acquire Wendy's restaurant system. Peltz's Triarc Companies Inc., which owns the Arby's restaurant system, sold its investment advisory business Deerfield & Co. LLC according to
this article. Triarc has submitted the only publicly announced bid to acquire Wendy's.
Posted by franchiselawblog at December 26, 2007 09:52 AM