November 22, 2008
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Triarc acquires Wendy's for $2.34 billion
NEW YORK Triarc Cos. Inc. completed its $2.34 billion takeover of Wendy's International Inc. yesterday, making way for new sandwiches and drinks at the No. 3 hamburger chain. The deal - in the works for years - combines Wendy's with Arby's, which is owned by Atlanta-based Triarc. "Ithink thrilled is the word to come to mind," said Roland Smith, the new chief executive of Wendy's and the former CEO of Triarc, of the deal closure.
Associated Press
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