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Nelson Peltz's Triarc Cos. (TRY Quote) has offered to buy Wendy's (WEN Quote), but at a price lower than it was willing to pay over the summer.
In a Securities and Exchange Commission filing Tuesday, Triarc said it submitted an offer Monday to buy all of Wendy's shares, primarily with cash.
The firm didn't disclose its proposed price, but said it is below what it was prepared to offer in July. At the time, Triarc said in a letter it would value Wendy's at $37 to $41 a share. ...
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