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September 28, 2007
(Fidelity) New Bidders for Wendy's
Potential buyers are waiting to find out the terms of staple financing for the deal that is being arranged by Wendy's advisers. But the shaky credit markets have some bidders and investors concerned about just how easily a deal could go through.
The latest group to emerge includes Fidelity National Financial, a provider of title insurance that also makes investments in acquisitions with private-equity firms, and the private-equity firms Thomas H. Lee Partners LP, Oaktree Capital Management LP and Ares Management.
The chairman of Fidelity National Financial, William Foley, is a former chairman and chief executive of CKE Restaurants, the parent of the Carl's Jr. and Hardee's fast-food chains.
Posted by S. Germain at September 28, 2007 08:24 AM