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HSR wait ends early in merger of Wendy's with Arby's franchisor
By Lisa Kerner
Charlotte, N.C., May 29 - The Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in the proposed merger of Triarc Cos., Inc. and Wendy's International, Inc., according to a government 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, a prior Triarc news release said.
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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