Arby's Parent Buying Wendy's In Stock Deal

DUBLIN, OH-Triarc Cos., the firm that owns the Arby’s fast-food chain, is acquiring Wendy’s International in an all-stock deal. Wendy’s shareholders will receive 4.25 shares of Triarc class A common stock for each of their shares of common stock.

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.