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PotatoPro » News » Wendy's/Arby's companies post losses, Trian to buy shares

News: Wendy's/Arby's companies post losses, Trian to buy shares

United States, November 07, 2008   In this Item: Wendys Arbys Group Inc.
Wendy's Arby's Group
Wendy's/Arby's Group Inc posted quarterly losses for each of its former companies Thursday, but its shares soared as one of its largest shareholders planned to increase its stake in the company.

Triarc, the investment arm of billionaire investor Nelson Peltz and owner of the Arby's sandwich chain, acquired Wendy's International Inc for $2.2 billion on Sept. 29, to form Wendy's/Arby's.

Now Trian Partners, one of Wendy's/Arby's largest shareholders, which is also run by Peltz, said Thursday it wants to buy about 8.5 percent of the company's outstanding common shares at a 26 percent premium.

Wendy's Arby's News Release

Source: Forbes
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