Arby’s owner buying Wendy’s for $2.34 billion stock deal
By Tuckerbox on Apr 29, 2008 in General News
Clearly there is money in burgers, but strangely, the “Wendy’s” family doesn’t seem all that enthusiastic about the new deal.
COLUMBUS, Ohio (AP) _ After two past rejections, the owner of Arby’s shaved roast beef sandwich restaurants is buying Wendy’s, the fast-food chain famous for its made-to-order square hamburgers and chocolate Frosty dessert, for around $2 billion.
Triarc Companies Inc., which is owned by billionaire investor Nelson Peltz, said Thursday it will pay about $2.34 billion in an all-stock deal for the nation’s third-largest hamburger chain started in 1969 by Dave Thomas. Wendy’s had rejected at least two buyout offers from Triarc.



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