The owner of 134 Wendy's restaurants wants to make a bid for the third-largest hamburger chain with the help of two private-equity firms.
David Karam, president of Cedar Enterprises, told The Columbus Dispatch for a story Wednesday that he and his partners have been invited by Wendy's International to a second round of talks. He is backed by Kelso &Co. and Oak Hill Capital Partners.
The effort also has the backing of the family of Wendy's founder Dave Thomas, said Pam Thomas Farber, Thomas' daughter. The family would like to see the company turned over to someone involved in the company, she said.
