Triarc To Gobble Up Wendy's

September 2008 | Top Stories

The US$1.9bn buyout of Wendy's by Triarc was approved by Wendy's shareholders on September 15. Triarc, controlled by Nelson Peltz, billionaire investor and owner of Arby's, will combine with Wendy's, to form Wendy's/Arby's Group. Wendy's shareholders will receive 4.25 Class A Triarc shares for each Wendy's share they own. In April, Triarc said it would buy Wendy's for US$26.78 per share in an all-stock deal. Wendy's, the US' third-largest hamburger chain, had rejected two earlier offers from

If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Corporate Financing Week please click on the trial link below.