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R B Partners Ltd

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BUSINESS
September 6, 1989
Leonard H. Roberts has been fired as president and chief executive of Arby's Inc., a few hours after announcing he had broken ranks with Miami financier Victor Posner over a $200-million buyout offer from a group of the fast-food restaurant chain's franchisees. Roberts, who indicated that he favored the buyout offer that was rejected by Posner, sent a sharply worded letter to Posner on Monday in which he resigned as vice chairman and a director of Posner's DWG Corp.
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BUSINESS
September 6, 1989
Leonard H. Roberts has been fired as president and chief executive of Arby's Inc., a few hours after announcing he had broken ranks with Miami financier Victor Posner over a $200-million buyout offer from a group of the fast-food restaurant chain's franchisees. Roberts, who indicated that he favored the buyout offer that was rejected by Posner, sent a sharply worded letter to Posner on Monday in which he resigned as vice chairman and a director of Posner's DWG Corp.
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BUSINESS
August 30, 1989 | From Times Wire Services
A group of eight franchisees said today it has offered more than $200 million in cash to buy Arby's fast food chain from DWG Corp., the holding company controlled by industrialist Victor Posner. The group, calling itself R. B. Partners Ltd., said it made the offer Aug. 1 in a letter to Posner, who has so far not responded. In a letter to fellow franchisees, the group said Posner's legal and financial problems could threaten the future of Atlanta-based Arby's.
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