Peltz's deadline passes, but negotiations with Wendy's appear to continue

NEW YORK Wendy’s International Inc. and potential suitor Triarc Cos. Inc., the restaurant concern controlled by activist investor Nelson Peltz, appear to be continuing their discussions about the No. 3 burger brand’s auction process despite passing a 5 p.m. deadline set by Peltz for the resolution of some issues.

On Monday, Peltz said he was prepared to offer as much as $3.5 billion for Dublin, Ohio-based Wendy’s, a company in which he owns a 9.8-percent stake,

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