3 Reasons Wendy's Should Buy John Schnatter's Papa John's

Is Papa John's for sale? It could be, and the buyer may just be burger giant Wendy's.
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Papa John's (PZZA) - Get Report could be up for sale. 

And Wendy's (WEN) - Get Report may be the buyer, suggested a new report from The Wall Street Journal on Wednesday. Papa John's founder John Schnatter -- under fire for making racist comments on a PR call -- reportedly held merger talks with Wendy's before he stepped down as chairman last week. 

Doing a deal would make sense.

Here is what Wendy's CEO Todd Penegor just told TheStreet