Atlanta & Dublin, Ohio Triarc Cos. announced the merger of its Arby’s restaurant system with Wendy’s International, reportedly creating the third largest quick-service restaurant (QSR) company in the United States.
Through an all-stock transaction, Wendy’s shareholders will receive 4.25 shares of Triarc Class A common stock for each share of Wendy’s common stock.
The combined QSR company will have approximately 10,000 locations and estimated sales of $12.5 billion.
In Triarc’s prepared statement, the company indicated its expansion will be primarily focused on breakfast menus, global expansion of both brands, and future acquisitions as well as development of new locations.
Triarc chief executive, Roland Smith, 53, will continue in that role as well as assume the CEO role for Wendy’s.