ATLANTA Triarc Cos. Inc.’s attempt to form a two-brand quick-service powerhouse moved forward today when shareholders of the Arby’s parent and Wendy’s International Inc. separately approved a $2.34 billion merger. Under the deal that was put to a simultaneous vote at the meetings here and in Wendy’s headquarters city of Dublin, Ohio, Triarc will proceed to pay 4.25 shares of Class A common stock for each Wendy’s share it does not already own. The buyout is ...
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Contact: Desiree Torres Desiree.Torres@penton.com