Wendy’s Sells Stake in Inspire Brands
08.16.18
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The Firm is representing The Wendy’s Company (NASDAQ: WEN) in its sale of its 12.3% ownership interest in Inspire Brands, Inc. back to Inspire Brands for $450 million.
Wendy’s was founded in 1969 by Dave Thomas in Columbus, Ohio and is the world’s third largest quick-service restaurant company in the hamburger sandwich segment, with 6,656 restaurants in operation as of July 1, 2018.
Inspire Brands is a multi-brand restaurant company whose portfolio includes more than 4,600 Arby’s, Buffalo Wild Wings and R Taco locations worldwide.
The Simpson Thacher team for this transaction includes Alan Klein and Jonathan Stradling (M&A); Brian Robbins (Executive Compensation and Employee Benefits); and Sophie Staples (Tax).