Wendy’s suitor Triarc Cos. completes Deerfield spinoff, leaving Arby’s as seller’s sole holding

ATLANTA Triarc Cos. Inc., franchisor of the Arby's sandwich brand and owner of nearly 1,100 of the chain’s 3,600 restaurants, has completed its restructuring into a purely foodservice company by concluding the delayed sale of Deerfield & Co. LLC to Deerfield Triarc Capital Corp.

The buyer, which paid $145 million in senior notes and shares of Deerfield Triarc to obtain the investment advisory firm, agreed to discontinue use of “Triarc” in its name and began trading

Register to view the full article

Register to view this article

Already a member? .

TAGS: Finance News
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish