Acquisition News--Arby's, Budget

1 min read
Opinions expressed by Entrepreneur contributors are their own.

New York--Triarc Companies Inc. has acquired Sybra Inc., second largest franchisee of Triarc's Arby's brand. Sybra, which owns and operates 239 Arby's restaurants in nine states, is currently in Chapter 11 bankruptcy. Triarc is agreeing to pay $8 million to creditors of Sybra's parent ICH Corp. as well as invest $14.5 million in Sybra. -Business Wire

New York--Cendant Corp. has completed the purchase of substantially all the assets of Budget Group Inc. The acquisition includes Budget operations and franchised locations in the Americas, Caribbean, Australia and New Zealand and rights to franchise and operate in Asia. -PRNewswire

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

It Started As a Joke and Turned Into a Startup That Raised $1 Million in Funding