Third potential bidder for Wendy’s

An investment group that includes a company led by former CKE Restaurants chairman and chief executive William Foley has emerged as a third potential bidder for Wendy’s International Inc.

Fidelity National Financial, a title insurance and investment concern where Foley serves as chairman, has teamed up with the private-equity firms Thomas H. Lee Partners LP, Oaktree Capital Management LP and Ares Management LLC in preparation for making a bid, The Wall Street Journal reported. The story did not name its sources and did not indicate how much the group might bid.