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April 24, 2008 4:11 PM

Paul Weiss, Jones Day, and Cadwalader Helping Nelson Peltz Swallow Wendy's

Posted by Brian Baxter

UPDATE: A previous version of this post listed several lawyers from the Baker & Hostetler deal team as being from Jones Day. We regret the errors.

Wendy's International, the home of the Old Fashioned Hamburger, founded by the late Dave Thomas, agreed today to be acquired by New York-based Triarc Companies in a $2.3 billion all-stock transaction. Billionaire businessman Nelson Peltz is chairman and CEO of Triarc.

Advising Triarc on the deal are Paul, Weiss, Rifkind, Wharton & Garrison M&A partners Paul Ginsberg and Jeffrey Marell. Both partners are based in New York and Ginsberg is cohead of the firm's M&A group. Triarc is a longtime client of the firm.

Lyle Gankse, the managing partner of Jones Day's Cleveland office, and M&A partner Christopher Hewitt also advised Triarc, which operates the Arby's Restaurant Group, on the transaction.

M&A star Dennis Block and partner William Mills III from Cadwalader, Wickersham & Taft provided counsel to Trian Fund Management, L.P., Peltz's investment fund and Wendy’s largest shareholder.

Representing Dublin, Ohio-based Wendy's were Akin Gump Strauss Hauer & Feld corporate partners Rick Burdick, J. Steven Patterson, and Zachary Wittenberg in Washington, D.C., and corporate partner N. Kathleen Friday in Dallas.

Corporate partners Daniel Bird, Jr., and J. Michael Brown, Jr., of Winston & Strawn in Chicago, also advised Wendy's, which is a longtime client of the firm. Rounding out the Winston team were real estate partner M. Christine Graff, tax partners Roger Lucas and Dennis Kelly, IP partner Richard Gilly, executive compensation partner Mark Weisberg, and Elenis Kouimelis, chair of the firm's environmental law group.

Baker & Hostetler M&A partners Robert Weible, Matthew Graban, and Matthew Tenerowicz, all in Cleveland, advised a special committee of Wendy's board. Corporate partner Suzanne Hanselman, real estate partner Lawrence Lindberg, and tax partner Edward Ptaszek, Jr., were also part of the Baker & Hostetler team.

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Other than Lyle Ganske and Chris Hewitt, all the lawyers listed from Jones Day are from Baker & Hostetler.

You fixed it. Nice.

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