DUBLIN, Ohio – Shareholder votes are expected to seal the deal today on a take over of Wendy’s International Inc. by Triarc Cos., owners of Arby’s.

Wendy’s shareholders are expected to meet Tuesday morning at the company’s suburban Columbus, Ohio headquarters. Triarc shareholders are reportedly meeting at the same time at New York’s Waldorf-Astoria Hotel.

Wendy's has reportedly struggled in recent years with declining profits and weak sales compared to its larger rivals in the burger business, McDonald's and Burger King.

Triarc has said in the past that Wendy's headquarters will remain in Ohio after the merger.


Source: Associated Press