WENDY, michael, john..tinkerbell come on..!. . .Wendy's agrees to be taken over by. . .

[NewtonMP2100]

. . .Triarc Companies, the franchisor of the Arby’s restaurant. . .



Wendy’s to Sell Itself to Peltz’s Triarc
April 24, 2008

Wendy’s International said Thursday it agreed to sell itself to Triarc Companies, the franchisor of the Arby’s restaurant chain, in a stock swap valued at about $2.3 billion. The announcement appeared to mark a victory for Nelson Peltz, the billionaire investor who is Triarc’s chairman and who has long been agitating for change at Wendy’s.

The deal, described Thursday as a merger, valued Wendy’s stock at $27.78, a 5.7 percent premium to its closing price on Wednesday, Bloomberg News reported. It would create a combined company with 10,000 restaurant units and about $12.5 billion in annual sales.

Wendy’s has been reviewing its strategic options for about a year, under the watchful eye of Mr. Peltz, whose investment fund, Trian, is Wendy’s largest shareholder. Mr. Peltz and Peter May, Trian’s president, together own about 35 percent of Triarc’s voting power.

Triarc was advised in the negotiations by investment banks Wachovia Securities and Merrill Lynch and law firms Paul Weiss, Rifkind, Wharton & Garrison and Jones Day. Cadwalader, Wickersham & Taft advised Trian.

Wendy’s financial advisors were J.P. Morgan Securities and Greenhill & Company; its legal advisers were Akin Gump Strauss Hauer & Feld and Winston and Strawn. A special committee of Wendy’s board was advised by Baker Hostetler.

[bazookaman]

I used to like going to Wendy's. They always had those cool newspaper table tops with all the weird stuff in them. Now they interchangeable with any other fast food place. Same with Long John Silvers. We used to go to one in Johnson City, TN and it was completely themed out. All wooden plank interior. nets and life preservers hanging on the walls. Very fun for a kid. Now its just another McDonalds...or Wendy's...or Burger King.

[blusubaru]

Wendy's is *not* like everyone else. The service is faster, the food isn't grease loaded and there are genuine healthy choices on the menu (the following choices are not a good example). I used to get two 5-piece nuggets, a side salad, a small fry and a water for $4 (+tax) when I was working retail.

[NewtonMP2100]

. . .I agree that Wendy's is not like the others. . .they were the 1st (at least I think so) to offer healthier options. . .used to have the chili all the time. . .

[graylocks]

my eating habits have improved in the last two years. first choice is usually Subway. sometimes, especially in winter, i want something warm. Wendy's chili over a plain baked potato fits the bill and the arteries quite nicely. no other place has options like that.

[rgG]

I do like their Jr. Bacon cheeseburger. I don't eat hamburgers but maybe once a month or less, but this little burger is tasty. And for only $1, how can you go wrong, except for the bad for your health part of it of course.

[bazookaman]

ok...so I was referring to the atmosphere.

The old Wendy's was like walking into your local hardware store. the new Wendy's is like walking into Lowes.

[Blankity Blank]

I thought something was going on with Wendy's. About a year and a half ago, the two or three locations in our area just closed shop over night. One of them even shuttered the place and left every single piece of equipment and furniture behind; they ended up with a sheriff's 'move it or lose it' notice on the door.

I shifted my loyalties to Carl's Jr. for those times I'm in the mood for some Death Food 2000 (calories). Of course the Carl's Jr. closed six months ago, so now I'm stuck with just Subway (blech) and Mickey D's (yawn).

Oh well, less fat, more life (I hope anyway).

[MGS_forgot_password]

Well, if they force Wendy's to start having Pepsi instead of Coke, I'll never go again.

[rtwdwk]

As soon as they start to serve Pepsi, I will eat there.