In his filing, Peltz stresses that Triarc is not making a formaloffer for Wendy's but says he would like his locally-based outfitto "be provided access to the terms of the staple financing beingoffered by your financial advisors." He takes issue with a one-yearstandstill clause issued by Wendy's that does not allow Triarc toparticipate in the bidding process.
According to a Wendy's proxy statement filed with the SEC thisyear, Triarc affiliate Train Fund Management owns 8.3% of Wendy'scommon shares. Triac controls the 3,600-unit Arby's chain, of which1,000 restaurants are company owned and the rest are operated byfranchisees.
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