(AP) After two past rejections, the owner of Arby's shaved roast beef sandwich restaurants is buying Wendy's, the fast-food chain famous for its made-to-order square hamburgers and chocolate Frosty dessert, for around $2 billion.
Triarc Companies Inc., which is owned by billionaire investor Nelson 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.
April 24, 2008
Where's The Beef- At Arbys
There was an English teacher at my high school who looked an awful lot like the Where's The Beef woman in this commercial. Alas, it appears that Wendy's is going the way of the dinosaurs.