The combination will result in close to an 11,000-unit restaurant entity. Triarc's Arby's currently operates about 3,700 units, while Wendy's has 6,600 locations.
The parties expect to close the deal during the second half of the year. After the merger, the two will form the country's third-largest fast-food company, according to the press release.
Triarc will change its name to Wendy's following the transaction. Wendy's local headquarters here will remain, as will the Triarc's current main office in Atlanta. Roland Smith, Triarc's CEO, will retain his title and take on the same role for the Wendy's chain.
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