Triarc Cos. Inc., parent of Arby's fast-food chain, announced today that it will buy its biggest franchisee, RTM Restaurant Group, for approximately $306.9 million. Headquartered in Atlanta, Georgia, RTM operates 775 of the approximately 3500 restaurants in the Arby's franchise system. According to a press release issued by Triarc in January, the purchase, combined with a merger of Arby's entities and a public offering of Arby's stock to finance the deal, will make Triarc the majority owner of Arby's.
Posted by franchiselawblog at May 31, 2005 06:15 PM