NY Post: Peltz Considering Bid for CKE Restaurants

(Reuters) – Nelson Peltz, owner of U.S. restaurant chain Wendy’s/Arby’s Group Inc (WEN.N), is considering a bid for CKE Restaurants Inc (CKR.N), the New York Post reported, citing a source close to the process.

Peltz’s Trian Fund Management — the owner of Wendy’s/Arby’s — is looking to buy CKE’s Hardee’s and Carl’s Jr. hamburger chains, the paper said.

CKE agreed to be bought by private equity firm Thomas H. Lee Partners [THL.UL] in February for $619 million cash, but said it would actively seek better offers until April 6.

CKE Restaurants, THL and Trian Fund were not available to comment. (Reporting by