NEW YORK — Triarc Companies Inc., parent of the Arby's brand, announced that it has adopted a new $50 million Class A Common Stock and Class B Common Stock, Series 1, repurchase program. The program will replace the company's current stock repurchase program when it expires on June 30, 2007, and will remain in effect until December 28, 2008.
Since 1998, Triarc has repurchased approximately $340 million of its stock, including approximately 10 million Class A Common Shares for approximately $214 million and all of the then outstanding approximately 6 million Class B Common Shares for approximately $127 million.
As of April 30, 2007, Triarc had 28,859,184 shares of Class A Common Stock and 63,746,932 shares of Class B Common Stock, Series 1, outstanding.
