From The New York Times:
The owner of Arby’s, the Triarc Companies, said Thursday that it was buying the hamburger chain, Wendy’s International, in an all-stock deal worth $2.34 billion that comes after the burger chain’s board rejected at least two earlier offers by the company.
Triarc, which is owned by the billionaire investor Nelson Peltz, will pay about $26.78 a share for the company, which has about 87 million shares outstanding. The price is a premium of 6 percent over Wednesday’s closing price of $25.32.
