Triarc (TRY) and Wendy's (WEN) Sign Definitive Merger Agreement
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Triarc Companies, Inc. (NYSE: TRY), the franchisor of the Arby's restaurant system, and Wendy's International, Inc. (NYSE: WEN) announced 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.
Woohoo! About Time! [jt]
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