Thursday, April 24, 2008

Arby's buying Wendy's for $2.3 billion

Actually, the owner of Arby's, billionaire investor Nelson Peltz, is doing the buying, but he also owns Arby's (through a company called Triarc).

Dave Thomas started Wendy's in 1969.

Thomas' daughter Pam Thomas Farber said the family was devastated by the news.

"It's a very sad day for Wendy's, and our family. We just didn't think this would be the outcome," said Farber, 53.

If her father were alive to hear news of the buyout, "he would not be amused," she said.