After at least two rejections, billionaire Nelson Peltz has finally succeeded in landing Wendy's in a $2.3 billion deal that would add the chain known for its square burger and chocolate Frosty dessert to his ownership of Arby's and its roast beef sandwiches.
Atlanta-based Triarc Companies Inc., owned by Peltz, said Thursday it will pay about $2.34 billion in an all-stock deal for the nation's third-largest hamburger chain started in 1969 by Dave Thomas. Wendy's had rejected at least two buyout offers from Triarc.
Thomas' daughter, Pam Thomas Farber, said the family was devastated by the news.
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This is VERY interesting! Could we see a new company form from this? Or is there the possiblity of Wendy's staying the same company that it currently is because of its fame and fortune? I would be interested in finding more information about this buy out.
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