Wendy's bows to Peltz, considers Baja Fresh sale

03/3/2006 | Bloomberg · NYTimes.com

Wendy's International is attempting to make peace with shareholder activist Nelson Peltz by agreeing to spin off its Tim Hortons unit by year's end and possibly to sell its Baja Fresh brand. Peltz, who controls hedge fund Trian Fund Management, also will be able to appoint three members to the quickservice chain's board.

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Bloomberg · NYTimes.com

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