Burger Giant Bought By Rival Restaurant

The owner of Arby's is buying Wendy's. The daughter of the late Wendy's founder Dave Thomas says the family is devastated.

By: Jamie Burch | WKRG-TV
Published: April 24, 2008

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COLUMBUS, Ohio (AP) - A Wendy's buyout is sad news for the family of the fast-food chain's founder.
The owner of Arby's says it is buying Wendy's International in an all-stock deal worth 2.34 billion dollars. That comes after the burger chain's board rejected at least two earlier offers by the company.

Pam Thomas Farber, the daughter of Wendy's founder Dave Thomas,
says the family is devastated.
She says if her father were alive to hear news of the buyout,
"he would not be amused."

The Wendy's board has been studying strategic alternatives since
early last year.
Sales have slid in the struggling economy that has hurt many
restaurant chains.

(Copyright 2008 by The Associated Press. All Rights Reserved.)