Wendy's Owner Eyes CKE Restaurants

NEW YORK ( TheStreet) -- CKE Restaurants ( CKR) might be facing a bid from Wendy's/Arby's ( WEN) owner Nelson Peltz, according to reports.

Peltz'd Trian Fund Management is eying CKE's Hardee's and Carl's Jr. hamburger chains, the New York Post reported, citing sources close to the matter.

This comes after CKE already agreed back in February to be purchased by private equity firm Thomas H. Lee Partners for $619 million in cash. The company did say, however, that it would continue to seek better offers until April 6.

-- Reported by Jeanine Poggi in New York.

Follow TheStreet.com on Twitter and become a fan on Facebook.