Wendy's: Takeover by Triarc progressing well

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.