Wendy's chain bought for $2.3bn

Burger chain Wendy's is to be bought by Triarc, the parent firm of Arby's restaurants for $2.34bn (£1.18bn).

The news came after Wendy's saw a 72% fall in first quarter profits to $4.14m from $14.7m a year earlier. Wendy's said the deal would help to cut costs.

Wendy's and fellow fast-food chain Arby's will remain as separate brands.



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