Peltz in Confidentiality Deal With Wendy’s

Wendy’s International Inc. and U.S. billionaire Nelson Peltz have reached a confidentiality agreement so he can participate in the hamburger chain’s sale.

Peltz’s Triarc Cos. and Trian Fund Management LP reached the agreement Monday, a U.S. regulatory filing said Tuesday.

Trian and Triarc agreed, as they reviewed the company’s finances, not to launch or propose a takeover offer before Dec. 1 without an agreement with Wendy’s, the Securities and Exchange Commission filing said. They also agreed to limit their ability to buy Wendy’s shares.

The Peltz-led investors hold 9.8 percent of Wendy’s shares, increased from 8.4 percent eight weeks ago.

Peltz said July 3 that Triarc, which owns the Arby’s LLC sandwich chain, was a natural strategic buyer of the third-largest U.S. hamburger chain.

His group has said it might offer as much as $3.6 billion, or $41 a share, for Wendy’s.

Wendy’s, of Dublin, Ohio, said April 25 it was considering a sale, with assistance of advisers JP Morgan Chase & Co. and Lehman Brothers Inc.