Arby's parent outlines buyout offer

July 30, 2007

CattleNetwork: Arby's parent Triarc Cos. is willing to offer $37 to $41 a share to buy Wendy's International Inc., according to a letter Triarc CEO Nelson Peltz sent to Wendy's chairman James Pickett. The letter gives the first indication of what Peltz might pay for the burger chain.