Peltz Aims to Expand, Control Wendy's Board

In the latest twist in the battle to control Wendy's International Inc., investor Nelson Peltz's firm said it wants to expand and gain control of the hamburger chain's board.

Mr. Peltz's firm, Trian Fund Management LP, said it wants to increase the size of Wendy's board to 15 directors from 13, according to a letter sent to the company. It would then push to get five of those seats in addition to the three it already has, giving it an eight-person majority if it wins. 

It isn't clear what the move says about whether Wendy's will end up getting sold.