Triarc Companies acquires Wendy's International for $2.3 billion

Client(s) Triarc Companies, Inc.

Jones Day advised Triarc Companies, Inc. in its $2.3 billion acquisition of Wendy's International, Inc. Wendy's shareholders will receive a fixed ratio of 4.25 shares of Triarc Class A Common Stock for each share of Wendy's common stock they own.

The transaction will bring together Arby's and Wendy's, two leading quick service restaurant brands distinguished by traditions of quality food and service. The combined systems will have approximately 10,000 restaurant units and pro forma annual system sales of approximately $12.5 billion, positioning it as the nation's third largest quick service restaurant company.