The Restaurant Space Is Cooking

Some interesting situations are brewing in restaurant land these days. In truth, though, I can't think of a moment in the past three years when that was not the case for the sector, which has performed exceedingly well for investors through some difficult economic times.

Last week Wendy's (WEN) announced it had reached an agreement with Trian Partners that will allow the latter to increase its Wendy's stake up to 32.5%. Trian currently owns just over 26% of the company. Wendy's Chairman Nelson Peltz, along with fellow board members Peter May and Edward Garden, are the controlling members of Trian. It was Peltz who was the mastermind behind the Wendy's/Arby's deal back in 2008, as the chairman of Triarc, which had owned Arby's at the time of the merger. Ultimately the Wendy's/Arby's marriage did not work and Arby's was jettisoned -- and Peltz and company have ended up with the better of the two assets, in my opinion....469 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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