Dave Thomas is rolling over in his grave

(AP) After two past rejections, the owner of Arby’s shaved roast beef sandwich restaurants is buying Wendy’s, the fast-food chain famous for its made-to-order square hamburgers and chocolate Frosty dessert, for around $2 billion.

Triarc Companies Inc., which is owned by billionaire investor Nelson Peltz, said Thursday it will pay about $2.34 billion in an all-stock deal for the nation’s third-largest hamburger chain started in 1969 by Dave Thomas. Wendy’s had rejected at least two buyout offers from Triarc.

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.

Thomas became a household face when he began pitching his burgers and fries in television commercials in 1989.

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1 Response to Dave Thomas is rolling over in his grave

  1. Darren says:

    Othe mergers coming. Terminex is buying a cell company and will be known as TermiNextel!

    IHOP is being bought out by that famous Aussie restaurant and will now be called the International Outhouse of Pancakes!

    A martial art training center has been taken over by a Asian photo chain. Kids will now be enrolled to take Kung Fuji!

    A electronic giant is getting into the fast food business, coming soon it’s PaniSonic Drive In…

    An investment broker has merged with an eclectic beverage company. Snooty restaurants everywhere will be carrying Edward D Jones Soda soon.

    A fitness facilty is starting to market workout clothes for kids…Gold’s Gymboree!

    Retired seaman need a place to eat and buy clothes so opening soon it’s Old Country Navy Buffet!

    Women who like to shop but don’t have time to stop and eat will love Panera Bread Bath & Beyond

    And don’t even ask about TJ Maxxipads!

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