Apr
24
Wendy’s Merges With Triarc
Posted in: Uncategorized
CHICAGO (AdAge.com) — After a year of posturing, insinuating and even brawling, Wendy's has signed a definitive merger agreement with Nelson Peltz' Triarc Cos. in an all-stock deal valued at $2.3 billion. The merger would make Triarc a $12.5 billion company with 10,000 restaurants, the third largest in the quick-service category behind McDonald's and Yum Brands. Triarc also owns Arby's.
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