Tuesday, September 16, 2008

Merged: Arby's and Wendy's

Shareholders of Arby's parent company Triarc and Wendy's approved the merger of the two fast food restaurant chains.
Roland Smith, Chief Executive Officer of Triarc, said: “We are very pleased that the shareholders of both Triarc and Wendy’s have approved the merger, and we look forward to working together with employees of both companies in setting a new course for Wendy’s/Arby’s Group. We believe our combination represents a major strategic opportunity to create significant long-term value for all of our stakeholders, and we are working on a comprehensive integration plan and organizational structure to support enhanced operating performance at both brands. We intend to share more detailed plans regarding the new company as soon as practicable after the transaction closes.”
The two chains are not expected to merge their menus, though, despite being part of the same company. The Arby's and Wendy's brands are likely to remain separate and distinct in the eyes of consumers.

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