Meeting sought on Wendy’s

Billionaire investor Nelson Peltz, who controls 9.8% of Wendy’s International Inc. stock, said the hamburger chain had rejected two offers to be purchased, prompting his Trian Partners to seek a special shareholder meeting to discuss the company’s future.

Wendy’s board formed a committee a year ago to determine how to increase its stock price. One option could include a sale.

Wendy’s said that it rejected both offers because they were inadequate and that Trian had been misleading investors.