Wendy’s/Arby’s Group is born

Wendy’s/Arby’s Group is born

ATLANTA Triarc Cos. Inc.’s long pursuit of Wendy’s International Inc. officially ended today with the consummation of a $2.34 billion stock swap and merger. The deal forms a new publicly traded company called Wendy’s/Arby’s Group Inc., operator or franchisor of 10,344 Arby’s and Wendy’s quick-service restaurants.

The merger, which had already been approved by both companies’ boards of directors and shareholders, gave Wendy’s stockholders 4.25 shares of Triarc Cl

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