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Wendy's/Arby's (WEN) is selling Arby's to Roark Capital Group, but will retain an 18.5%...
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Monday, June 13, 2011, 7:21 AM ETWendy's/Arby's (WEN) is selling Arby's to Roark Capital Group, but will retain an 18.5% ownership interest. Wendy's/Arby's estimates the deal is worth $430M, including a $130M cash payment at closing, Roark's assumption of $190M of debt, an income tax benefit of $80M, and the 18.5% stake worth ~$30M. (PR)
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