nelson peltz

Wendy's/Arby's Group, the third-largest U.S. fast food company, said Thursday it is considering selling the Arby's chain to focus on the Wendy's brand. Arby's is the second-largest quick-service sandwich chain in the U.S., but its performance lagged behind Wendy's during the downturn.

Billionaire investor Nelson Peltz's Trian Group has taken an approximately 6.6% stake in Family Dollar, saying the stock is currently undervalued in the market, according to a Wednesday SEC filing. Shares of the discount retailer jumped 6.9% in early trading.

No. 3 fast-food company Wendy's/Arby's Group has seen its stock jump thanks to buyout chatter. An unnamed party has indicated interest in a deal, and given the company's current business situation, that deal could be something of a bargain.

Bruce Wasserstein, who died Wednesday at 61, will be remembered by many in the media world less for his dealmaking prowess than for turning New York magazine from a predictable, shallow city magazine into the most consistently clever and ingeniously packaged publication of the last few years. But...