Wendy's, Triarc shareholders to decide merger on Sept. 15

By Lisa Kerner

Charlotte, N.C., Aug. 15 - Triarc Cos., Inc. and Wendy's International, Inc. will both hold special meetings of their respective shareholders at 11 a.m. ET on Sept. 15 to approve the merger of the two companies.

The record date for the meetings is Aug. 5, according to a Triarc news release.

On April 24, Arby's restaurant franchisor Triarc agreed to acquire the quick-service restaurant chain in an all-stock transaction that gives Wendy's shareholders a fixed ratio of 4.25 shares of Triarc class A common stock for each share of Wendy's common stock they own.

It was previously reported that Arby's and Wendy's will continue to operate as autonomous brand business units based in Atlanta and Dublin, Ohio, respectively.

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