Report: Peltz out of the CKE buyout mix

NEW YORK Nelson Peltz, a well known activist investor and the non-executive chairman of Wendy’s/Arby’s Group, has reportedly decided not to pursue an acquisition of CKE Restaurants Inc., the New York Post reported Thursday.

Peltz was reportedly considering a rival bid for CKE, the parent of the Carl’s Jr. and Hardee’s quick-serve brands, which last month agreed to an acquisition agreement with private-equity firm Thomas H. Lee Partners for $928 million. The deal

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