Thursday, April 24, 2008

Arby's Buying Wendy's

Triarc Companies, Inc., the holding company that owns Arby's, entered into a merger agreement with Wendy's International. The all-stock deal will cost Triarc and Arby's $2.34 billion.

Darn. I always considered Wendy's better-managed than Arby's. Hopefully, this merger will benefit Arby's and Wendy's, making both fast food chains stronger.