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NEW YORK Arby’s now has an adopted sister — Wendy’s. The No. 3 burger chain, which has been on the block for months, finally found a home at Triarc — which also owns Arby’s. The all-stock deal was valued at a reported $2.34 billion.
Triarc is owned by super-investor Nelson Peltz who has helped revive companies like Heinz and Snapple. Wendy’s can use the help.
The chain has been struggling with both sales and brand image of late.
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