Wendy's Announces Final Results of its
Modified "Dutch Auction" Tender Offer
Investor and Media Contacts:
DUBLIN, Ohio -- November 22, 2006 -- Wendy's International, Inc. (NYSE:WEN) today announced the final results of its modified "Dutch Auction" tender offer, which expired at 5:00 p.m., Eastern Time, on November 16, 2006.
The Company has accepted for purchase 22,413,278 of its common shares at a purchase price of $35.75 per share, for a total cost of $801.3 million.
Shareholders who deposited common shares in the tender offer at or below the purchase price will have all of their tendered common shares purchased, subject to certain limited exceptions.
American Stock Transfer & Trust Company, the depositary for the tender offer, will promptly issue payment for the shares validly tendered and accepted for purchase under the tender offer.
The number of shares the Company accepted for purchase in the tender offer represents approximately 19% of its currently outstanding common shares.
All inquiries about the tender offer should be directed to the information agent, Georgeson Inc., at 1-866-277-0928.
This announcement is not an offer to purchase or a solicitation of an offer to sell with respect to any securities.
Safe Harbor statement
Certain information in this news release, particularly information regarding future economic performance and finances, and plans, expectations and objectives of management, is forward looking. Factors set forth in our Safe Harbor under the Private Securities Litigation Reform Act of 1995, in addition to other possible factors not listed, could affect the Company's actual results and cause such results to differ materially from those expressed in forward-looking statements. Please review the Company's Safe Harbor statement at http://www.wendys-invest.com/safeharbor.
Wendy's International, Inc. overview
Wendy's International, Inc. is one of the world's most successful restaurant operating and franchising companies, with more than 6,300 Wendy's Old Fashioned Hamburgers restaurants in North America and more than 300 international Wendy's restaurants. More information about the Company is available at www.wendys-invest.com.
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