Friday, April 25, 2008
Wendy's Goes to Arby's
Yesterday Wendy's International Inc. and Triarc Companies, the franchisor of Arby's, signed a merger agreement for an all stock transaction in which Wendy's shareholders take Triarc stock. Don't worry, both brands will survive with consolidated management.
How is Wendy taking the news? Wendy Thomas, daughter of founder Dave Thomas, called the outcome a "huge, huge disappointment." Thomas, her three sisters and her mother hoped a local franchisee (with the help of two private-equity firms) would win the bidding for her dad's company.