Shareholders of Wendy's International Inc. and Triarc Cos. approved a $2.34-billion deal that would make Wendy's, the nation's No. 3 hamburger chain, a part of billionaire investor Nelson Peltz's empire.
Directors of both companies had already approved the transaction. Atlanta-based Triarc operates the Arby's fast-food chain and is owned by Peltz. Triarc said in April that it would buy Dublin, Ohio-based Wendy's for $26.78 a share in an all-stock deal.