TRIARC AND WENDY’S SIGN DEFINITIVE MERGER AGREEMENT Combination Will Create Third Largest U.S. Quick Service Restaurant Company With Approximately $12.5 Billion In Annual System Sales Significant Operational Improvements And Several Growth Initiatives...Triarc and Wendy • April 24th, 2008 • Wendys International Inc • Retail-eating places
ATLANTA, GA, and DUBLIN, OH, April 24, 2008 – Triarc Companies, Inc. (NYSE: TRY, TRY.B, “Triarc”), the franchisor of the Arby’s restaurant system (“Arby’s”), and Wendy’s International, Inc. (NYSE: WEN, “Wendy’s”) announced today they have signed a definitive merger agreement, which has been approved by the boards of directors of both companies, for an all-stock transaction in which Wendy’s shareholders will receive a fixed ratio of 4.25 shares of Triarc Class A Common Stock for each share of Wendy’s common stock they own.
