Los Angeles, Sep. 16 - Funds controlled by billionaire investor Nelson Peltz plan to increase their stakes in Wendy's International Inc and Peltz's Triarc Cos Inc, which are slated to merge later month.
According to a regulatory filing Tuesday, Peltz-controlled funds said they "currently intend to increase their investment" in either or both companies.
The merger between Wendy's and Triarc, parent of Arby's, will create the third-largest fast-food chain, behind McDonald's Corp and Yum Brands Inc, the owner of KFC, Taco Bell and Pizza Hut.