Wendy's: Takeover by Triarc progressing well

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Wendy's: Takeover by Triarc progressing well

July 18, 2008
Source
CNN Money

Wendy's International Inc., the nation's No. 3 hamburger chain, said Friday it is making "good progress"in ironing out the details of its takeover by Arby's owner Triarc Cos. Inc.

In a letter to employees filed with the Securities and Exchange Commission, Wendy's Chief Executive Kerrii Anderson said Arby's is now developing a "current state analysis"with financial consultant KPMG to determine current roles, responsibilities and major processes in both organizations.

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Highlighted Company

  • Wendys

    The Wendy's brand is since September 30, 2008 owned by Wendy's Arby's Group Inc. Wendy's Old Fashioned Hamburgers® is the third largest quick-service hamburger restaurant chain in the world, with more than 6,700 restaurants in North America and international markets.

  • Arbys Restaurant Group

    Arby's Restaurant Group, Inc., based in Atlanta, is the franchisor of the Arby's restaurant system, which consists of more than 3,500 restaurants worldwide.

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