Triarc and Wendy’s Shareholders Approve Merger, closing expected by end of september

Wendy's logo

Triarc and Wendy’s Shareholders Approve Merger, closing expected by end of september

september 15, 2008
Triarc Companies, Inc. (NYSE: TRY;TRY.B), the parent company of Arby’s Restaurant Group, Inc. which is the franchisor of the Arby’s® restaurant system, and Wendy's International, Inc. (NYSE: WEN), announced today that their respective shareholders have approved all proposals related to the pending merger.

Upon consummation of the merger, the combined company will be called Wendy’s/Arby’s Group, Inc. and will trade under the symbol “WEN” on the New York Stock Exchange. Triarc and Wendy’s® expect that the merger will be consummated on or about September 29, 2008.

Under the merger agreement, Wendy’s shareholders will receive 4.25 shares of Triarc’s Class A common stock for each share of Wendy’s common stock that they own. In addition, each outstanding share of Triarc Class B common stock, Series 1, will be converted into one share of Triarc Class A common stock, resulting in a post-merger company with a single class of common stock.
Like to receive news like this by email? Join and Subscribe!
Join Our Telegram Channel for regular updates!
Sponsored Content
AVR - Leaderboard - 20241107

Uitgelichte Bedrijven

Sponsored Content
Urschel - Leaderboard - 20231207
Sponsored Content
Sponsored Content
Sponsored Content
Sponsored Content

Waar

Sponsored Content