Arbys to buy out wendys...

[sao123]

http://www.postgazette.com/pg/08115/876205-100.stm

[/quote]
Arby's to swallow Wendy's
Thursday, April 24, 2008
DUBLIN, Ohio -- The owner of Arby's said today it is buying Wendy's International Inc. in an all-stock deal worth $2.34 billion that comes after the Wendy's board rejected at least two earlier offers by the company.

Triarc Companies Inc., which is owned by billionaire investor Nelson Peltz, will pay about $26.78 per share for the company, which has about 87 million shares outstanding. The price is a premium of 6 percent from the company's closing price of $25.32 yesterday.

Under the terms of the deal, shareholders at Wendy's, the nation's No. 3 hamburger chain, will receive 4.25 shares of Triarc Class A stock for each share of Wendy's stock they own.

Atlanta-based Triarc said its shareholders will have to approve a charter amendment in which each share of its Class B stock will be converted into Class A stock. Triarc said it will also change its name to include the Wendy's name.

The Wendy's board has been studying strategic alternatives since early last year. Sales have slid despite a struggling economy that should benefit the chain.

Mr. Peltz has significant investments in a number of companies, including Pittsburgh's H.J. Heinz Co., where he controls just under 5 percent of its shares and sits on its board.

[/quote]



Woot the return of real roast beef!!!!

 

[KeithTalent]

"I'm so hungry, I could eat at Arby's"

KT

 

[KK]

dave is turning in his grave.

 

[IceBergSLiM]

I thought wendys was more popular than arbys shouldn't wendys being the one doing the buying here.

 

[glenn beck]

Originally posted by: IcebergSlim
I thought wendys was more popular than arbys shouldn't wendys being the one doing the buying here.

 

[sactoking]

How can Arby's afford this? WHO THE EFF EATS AT ARBY'S!?!?!?

I like Wendy's chicken. This is the end for them.......

 

[Anubis]

Originally posted by: sactoking
How can Arby's afford this? WHO THE EFF EATS AT ARBY'S!?!?!?

i do

best of the fast food chains IMO

 

[UberNeuman]

Feels like an Arby's night.

 

[sactoking]

You're a sick, sick crab, Anubis. I'd rather eat a Port O Subs abomination than go within 10 feet of an Arby's.

 

[paulxcook]

I like both places well enough. Better than McDonalds, anyway.

 

[sdifox]

so what is going to happen to all those Wendy/Tim Horton's joint location stores?

 

[Anubis]

Originally posted by: sactoking
You're a sick, sick crab, Anubis. I'd rather eat a Port O Subs abomination than go within 10 feet of an Arby's.

WTF is wrong with port o subs?

 

[AMDZen]

I hope they don't change Wendi's burgers

 

[Gibsons]

Originally posted by: IcebergSlim
I thought wendys was more popular than arbys shouldn't wendys being the one doing the buying here.

Title is misleading, it's not really Arby's that's doing the buying, but Triarc Companies Inc. Triarc is more than just Arby's.

 

[JC86]

I like Arby's and Wendy's but the best fast food join is and always will be In-N-Out

 

[Vette73]

Originally posted by: AMDZen
I hope they don't change Wendi's burgers

They already said that be the first thing to change, it was in the article. They said they want to be even more different so they will have triangle shape burgers. they will use the same amount/weight of meat but just in triangle shape.

 

[vi edit]

That's a bit of shock. Triarc typically makes plays on "damaged" brands and flips them once they are profitable. I didn't know that Wendy's was hurting that bad and that Triarc had the cash muscle to make that sort of a deal.

 

[BurnItDwn]

They better not fvck up Wendy's!

 

[sactoking]

Originally posted by: Anubis

Originally posted by: sactoking
You're a sick, sick crab, Anubis. I'd rather eat a Port O Subs abomination than go within 10 feet of an Arby's.

WTF is wrong with port o subs?

Port O Subs just smells BAD. I grew up on Togo's and refused to go to Subway due to the odor, but then I moved to a place that has no Togo's and has Port O Subs instead. That's when I learned what real stench is. There used to be a Blockbuster here next to a Port O Subs and the Blockbuster closed b/c they couldn't get foot traffic. Apparently noone wants to rent movies when the store next door makes your place reek.

Also, it's not coincidental that Port O Subs' initials are POS......

 

[clamum]

Originally posted by: Anubis

Originally posted by: sactoking
You're a sick, sick crab, Anubis. I'd rather eat a Port O Subs abomination than go within 10 feet of an Arby's.

WTF is wrong with port o subs?

People here are nancies when it comes to fast food, big time.

 

[BoomerD]

I don't eat at either one with any regularity, so it doesn't bother me much...I just hope they don't fuck up the Frosty. That was the only decent thing at Wendy's...

 

[edro]

Originally posted by: BurnItDwn
They better not fvck up Wendy's!

 

[vi edit]

Originally posted by: BoomerD
I don't eat at either one with any regularity, so it doesn't bother me much...I just hope they don't fuck up the Frosty. That was the only decent thing at Wendy's...

If I could get a Jamocha Frosty for $1 I think I'd have to file a restraining order against myself to no go there.

 

[Anubis]

Originally posted by: clamum

Originally posted by: Anubis

Originally posted by: sactoking
You're a sick, sick crab, Anubis. I'd rather eat a Port O Subs abomination than go within 10 feet of an Arby's.

WTF is wrong with port o subs?

People here are nancies when it comes to fast food, big time.

its not just fast food, its food in general

o noes something has been in the firdge for 2 days, better make a thread asking if its OK to eat :roll:

 

[FDF12389]

Awesome, when they combine their forces they should be able to make the ultimate annoying commercial capable of making people go insane all over the world.