Arby's Aims To Buy Wendy's

Billionaire Peltz Considering $3.6 Billion Deal

NEW YORK (Blue MauMau) - Wendy's stock closed Monday at $33.69 per share, and SHOT UP $3.25 or 9.6% overnight as Billionaire investor Nelson Peltz, and his company Triarc takes AIM AT the 3rd largest hamburger chain in the U.S. --- WENDY'S! Peltz said he was ready to offer $37 to $41 per share for the company founded by Dave Thomas (links to flash presentation about Thomas) which would make the deal worth somewhere between $3.2 and $3.6 billion.

Triarc Companies, Inc. is a holding company and, through its subsidiaries, the franchisor of the Arby's and the owner and operator of over 1,000 Arby's restaurants located in the United States. With approximately 3,600 restaurants primarily in the United States, Arby's is the largest restaurant chain specializing in the roast beef sandwich segment and the 12th largest QSR chain overall.

Peltz in a letter to Wendy's chairman James Pickett said, Arby's would be a "natural strategic buyer" of Wendy's. In the letter Peltz also said Triarc would be willing to raise the offer based on the outcome of its due-diligence. Peltz set a deadline of 5 p.m. Wednesday for a Wendy's committee to respond to the offer and terms set out in a proposed confidentiality agreement.

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Word on Wendy's is...

Yesterday's 5:00 deadline given to Wendy's by Triarc chairman Nelson Peltz has come and gone. 

TAKEN FROM PELTZ'S LETTER:....If the Special Committee recognizes the value to Wendy's shareholders of Triarc's proposed valuation and would like to invite Triarc to participate in the sale process, we suggest that the Special Committee execute that form of confidentiality agreement by no later than 5:00 p.m. on August 1, 2007. If we do not receive a favorable response by then, we will wish the Special Committee well in its effort to conduct an auction that will generate the best transaction for all Wendy's shareholders. We will, however, continue to review and evaluate our alternatives with respect to Wendy's and will continue to contact and discuss with other shareholders our views regarding Wendy's, the conduct of the Special Committee and possible strategies to maximize shareholder value.

So what's the WORD??? ...... Well the rumor is that talks continue over the Confidentiality Agreement!

Anne Tarbell, Triarc Sr. VP of Corporate Communications and Investor Relations, has said: "We are in continuing discussions with the special committee (of Wendy's board) regarding the terms under which Triarc would participate in the Wendy's sale process."

Wendy's issued a brief statement as the Wednesday deadline approached, saying that "the Special Committee of our board of directors is following a comprehensive process in determining the strategic alternatives for our company. They will make announcements when they believe it is appropriate."  

It sounds a lot like a deal in the works to me!

Believe & Succeed,DaleFranSynergy, Inc.Synergizing Franchising!www.fransynergy.com

Word on Wendy's is...

Yesterday's 5:00 deadline given to Wendy's by Triarc chairman Nelson Peltz has come and gone. 

TAKEN FROM PELTZ'S LETTER:....If the Special Committee recognizes the value to Wendy's shareholders of Triarc's proposed valuation and would like to invite Triarc to participate in the sale process, we suggest that the Special Committee execute that form of confidentiality agreement by no later than 5:00 p.m. on August 1, 2007. If we do not receive a favorable response by then, we will wish the Special Committee well in its effort to conduct an auction that will generate the best transaction for all Wendy's shareholders. We will, however, continue to review and evaluate our alternatives with respect to Wendy's and will continue to contact and discuss with other shareholders our views regarding Wendy's, the conduct of the Special Committee and possible strategies to maximize shareholder value.

So what's the WORD??? ...... Well the rumor is that talks continue over the Confidentiality Agreement!

Anne Tarbell, Triarc Sr. VP of Corporate Communications and Investor Relations, has said: "We are in continuing discussions with the special committee (of Wendy's board) regarding the terms under which Triarc would participate in the Wendy's sale process."

Wendy's issued a brief statement as the Wednesday deadline approached, saying that "the Special Committee of our board of directors is following a comprehensive process in determining the strategic alternatives for our company. They will make announcements when they believe it is appropriate."  

It sounds a lot like a deal in the works to me!

Believe & Succeed,DaleFranSynergy, Inc.Synergizing Franchising!www.fransynergy.com

Why will the deal get done?

If you're interested in why this deal just MIGHT get done, CLICK HERE for an interactive IntellectSpace knowledgemap (Internet Explorer Browsers Only).

And of course with Mr. Peltz basically controlling 3 seats on the board of Wendy's doesn't hurt either.

Believe & Succeed,DaleFranSynergy, Inc.Synergizing Franchising!www.fransynergy.com

Why will the deal get done?

If you're interested in why this deal just MIGHT get done, CLICK HERE for an interactive IntellectSpace knowledgemap (Internet Explorer Browsers Only).

And of course with Mr. Peltz basically controlling 3 seats on the board of Wendy's doesn't hurt either.

Believe & Succeed,DaleFranSynergy, Inc.Synergizing Franchising!www.fransynergy.com