UPDATED: Triarc wins quest for Wendy’s

DUBLIN Ohio Wendy’s International Inc. has agreed to be acquired by Arby’s parent Triarc Cos. in a stock swap valued at $2.34 billion, ending a year of speculation about the burger giant’s fate. Triarc, the most visible holding of activist investor and longtime Wendy’s antagonist Nelson Peltz, has agreed to swap 4.25 shares of its class “A” common stock for each share of Wendy’s.

In announcing the deal Thursday morning, the parties said that Arby’s and Wendy’s wo

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