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Triarc To Gobble Up Wendy's
September 2008 | Top StoriesSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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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