Print Email Comment

Paul Weiss Rifkind Wharton & Garrison is representing Triarc Companies, the franchiser for Arby's restaurants, in its merger with Wendy's International. 

Wendy’s main legal adviser is Akin Gump Strauss Hauer & Feld.

The all-stock deal gives Wendy's shareholders 4.25 Triarc shares for each Wendy's share they hold. The $12.5 billion merger will create the third-largest fast-food restaurant business in the US. The brands will continue to operate autonomously from their respective headquarters.

Roland Smith, CEO of Triarc and for the new company, says: “We believe the combination of Arby's and Wendy's will create a powerful new restaurant company and a 'must own' restaurant stock."

The deal is subject to approval, from regulatory and antitrust agencies, and from shareholders. Investment manager Trian Partners, the largest shareholder of Wendy’s, has already agreed to vote in favor of the transaction.

Paul Ginsberg and Jeffrey Marell are leading Paul Weiss's team.

Jones Day is advising Triarc on issues regarding Ohio law.

Cadwalader Wickersham & Taft is representing Trian Fund.

Winston & Strawn is also providing advice for Wendy's.

Tags: Corporate, North America, US, Jones Day, Paul Weiss Rifkind Wharton and Garrison, Deals, Akin Gump Strauss Hauer and Feld, Cadwalader Wickersham and Taft