Arby’s owner buying Wendy’s for $2.34 billion stock deal
2008/04/24/1514RTFA: http://news.yahoo.com/s/ap/20080424/ap_on_bi_ge/we…
COLUMBUS, Ohio - After at least two rejections, billionaire Nelson Peltz has finally succeeded in landing Wendy’s in a $2.3 billion deal that would add the chain known for its square burger and chocolate Frosty dessert to his ownership of Arby’s and its roast beef sandwiches.
Now, the investor known for agitating corporations to boost their stock price has to figure out how to make both profitable while the economy slumps
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