Friday, April 20, 2007

UPDATE 1-Triarc to sell asset manager for about $300 mln

(Reuters) - Triarc, which operates and franchises Arby's chain of restaurants, said it expects to receive about $170 million for its capital interest of about 64 percent and its profits interest of 52 percent in Deerfield.

Triarc expects to own in excess of 10 percent of Deerfield Triarc's common stock, it said in a statement.


Read more at Reuters.com Mergers News

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