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Triarc sells investment business to focus on Arby’s

NEW YORK In an effort to focus solely on its 3,600-unit-plus Arby’s system, Triarc Companies Inc. agreed to sell its investment advisory firm, Deerfield & Company LLC, in a cash and stock transaction valued at about $290 million, the company said Friday.

Deerfield’s buyer is Deerfield Triarc Capital Corp., a financial services company that is managed by a subsidiary of Deerfield & Co.

Billionaire investor Nelson Peltz had served as chairman to both Triarc and

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