Monday, 13 June 2011

Wendy's Breaks Up With Arby's In $430 Million Deal

Wendy's/Arby's Group greed to sell the majority of its Arby's Restaurant Group to private equity firm Roark Capital Group the company said Monday. Wendys will receive $130 million in cash at closing, and will retain an 18.5% common stock interest in Arbys worth $30 million. The aggregate transaction ...


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