Rumors Swirling About Wendy's Buyout (WEN)

There are rumors today that Nelson Peltz along with the Wendy's Arby's Group Board is entertaining a $3 billion ($8/share) all-cash buyout offer from Cerberus. We cannot confirm anything, but will follow up later in the day. WEN shares have moved into positive territory on these rumors and are now trading 0.49% higher to $4.14.