A Fresh Hunger for Wendy's

Shares shot higher Tuesday on a report that billionaire Nelson Peltz's Triarc Cos. is willing to bid on the fast-food chain

Wendy's International (WEN) shares spurted higher on July 31 on news that billionaire Nelson Peltz said his Triarc Cos. (TRY) is willing to offer $37 to $41 a share to buy the third largest fast food chain in the U.S. However, Peltz is balking at Wendy's request to sign a confidentiality agreement as part of the sale exploration process, according to the Wall Street Journal.

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