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The Wendy's Company (WEN)

- NASDAQ
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  • Dec. 27, 2013, 4:23 PM
  • Jun. 13, 2011, 7:21 AM
    Wendy'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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Company Description
Wendy's Co franchises and operates company-owned Wendy's quick-service restaurants specializing in hamburger sandwiches throughout North America.
Sector: Services
Industry: Restaurants
Country: United States