Triarc divesting financial arm to focus on Arby’sTriarc divesting financial arm to focus on Arby’s

NEW YORK Arby’s system, Triarc Cos. Inc. has agreed to sell its investment advisory firm, Deerfield & Co. LLC, for nearly $290 million in cash and stock to Deerfield Triarc Capital Corp. —In an effort to focus on its 3,600-plus-unit

Billionaire Nelson Peltz, chairman of Triarc Cos., stepped down as chairman of Deerfield Triarc Capital before the deal was negotiated, according to Triarc, which would continue to hold a 10-percent stake in the renamed Deerfield Capital after the expected completion of the sale in the third quarter. —In an effort to focus on its 3,600-plus-unit