http://blogs.reuters.com/reuters-dealzone/2008/04/24/wendys-auction-ended-with-a-busy-final-week/ Behind the deals and deal-makers Tue, 10 Nov 2009 04:54:31 +0000 http://wordpress.org/?v=2.6.2 http://blogs.reuters.com/reuters-dealzone/2008/04/24/wendys-auction-ended-with-a-busy-final-week/#comment-333821 NewsVisual Thu, 24 Apr 2008 20:11:57 +0000 http://blogs.reuters.com/reuters-dealzone/2008/04/24/wendys-auction-ended-with-a-busy-final-week/#comment-333821 In a merger deal that could have been launched by close board-room connections, Triarc Companies Inc, the franchisor of the Arby's restaurant system, is buying out in an all-stock transaction Wendy’s International Inc, the two companies announced on Thursday in a joint statement. The new company will be the nation’s third-largest quick-service restaurant company, with approximately 10,000 restaurant units and sales of approximately $12.5 billion, the statement said. The new company expects to focus on breakfast, global expansion for both brands, and growth through future acquisitions and new unit development. “We believe the combination of Arby’s and Wendy’s will create a powerful new restaurant company and a ‘must own’ restaurant stock with significant upside potential as we execute on the many opportunities we see to expand and improve these two very valuable brands,” said Triarc CEO/Director Roland Smith. “Through the execution of major operating improvements and the realization of synergies, we expect to generate substantial value for shareholders. We also expect to execute on a number of growth initiatives for the combined organization that should further increase shareholder value,” he added. The deal could have come together as a result of high-level personal connections between the two companies. In a merger deal that could have been launched by close board-room connections, Triarc Companies Inc, the franchisor of the Arby’s restaurant system, is buying out in an all-stock transaction Wendy’s International Inc, the two companies announced on Thursday in a joint statement. The new company will be the nation’s third-largest quick-service restaurant company, with approximately 10,000 restaurant units and sales of approximately $12.5 billion, the statement said. The new company expects to focus on breakfast, global expansion for both brands, and growth through future acquisitions and new unit development. “We believe the combination of Arby’s and Wendy’s will create a powerful new restaurant company and a ‘must own’ restaurant stock with significant upside potential as we execute on the many opportunities we see to expand and improve these two very valuable brands,” said Triarc CEO/Director Roland Smith. “Through the execution of major operating improvements and the realization of synergies, we expect to generate substantial value for shareholders. We also expect to execute on a number of growth initiatives for the combined organization that should further increase shareholder value,” he added. The deal could have come together as a result of high-level personal connections between the two companies.

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