Wendy’s/Arby’s Group Inc. and Krispy Kreme Doughnuts Inc. would not comment on a report Monday speculating that a deal may be in the works.
An item in Briefing.com, as reported by Barrons, said that the parent of the Wendy’s and Arby’s fast-food brands was considering acquiring the 548-unit Krispy Kreme chain.
Denny Lynch, a spokesman for Atlanta-based Wendy’s/Arby’s, said the company does not comment on market rumors. Representatives for Winston-Salem, N.C.-based Krispy Kreme did not return calls for comment by press time.
Wendy's/Arby's has hinted in the past that it may be interested in acquiring a third brand, and with investor Nelson Peltz as its non-executive chairman, has a history of mergers and acquisitions. In June, Wendy’s/Arby’s closed on an offering of $565 million of senior unsecured notes, and the company said part of the proceeds could be earmarked toward the acquisition of another restaurant company.
Wendy's Arby's Group interested in Krispy Kreme?
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