Arby’s owner buying Wendy’s for $2.34 billion stock deal

Clearly there is money in burgers, but strangely, the “Wendy’s” family doesn’t seem all that enthusiastic about the new deal.

COLUMBUS, Ohio (AP) _ After two past rejections, the owner of Arby’s shaved roast beef sandwich restaurants is buying Wendy’s, the fast-food chain famous for its made-to-order square hamburgers and chocolate Frosty dessert, for around $2 billion.

Triarc Companies Inc., which is owned by billionaire investor Nelson Peltz, said Thursday it will pay about $2.34 billion in an all-stock deal for the nation’s third-largest hamburger chain started in 1969 by Dave Thomas. Wendy’s had rejected at least two buyout offers from Triarc.

Arby’s owner buying Wendy’s for $2.34 billion stock deal

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