Stock Watch: Fix-it team has investors eating out of its hands; Triarc's turnaround artists seek next deal, backed by solid revenue from Arby's.(Nelson Peltz and Peter May)(Brief Article)

Crain's New York Business, February, 2002 by Curan, Catherine

Nelson peltz and peter May have made a fortune from foods and beverages, and now they're hungry for more. The two are chairman and president, respectively, of Triarc Cos., a holding company whose revenues are derived primarily from franchising Arby's Restaurants. Over the past two decades, the duo has established a reputation for buying troubled brands like Snapple at bargain-basement prices, then sprucing them up for resale at a hefty profit.

Now Triarc's stock is attracting the attention of investors who expect the company to pull off another lucrative deal. Following a bullish report from analyst Michael Gallo of CL King & Associates, the company's share price soared last month to a 52-week high of $27.45. It closed on Friday at $26.62. In his report, Mr....

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