UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
Wendy's International, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.10 stated value
--------------------------------------------------------------------------------
(Title of Class of Securities)
950590109
--------------------------------------------------------------------------------
(CUSIP Number)
Brian L. Schorr, Esq.
Trian Fund Management, L.P.
280 Park Avenue, 41st Floor
New York, New York 10017
(212) 451-3000
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 30, 2007
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition which is the subject of this Schedule 13D, and is filing
this schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box [_].
Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Rule 13d-7 for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The Information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Trian Fund Management, L.P.
--------------------------------------------------------------------------------
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3454182
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 8,553,800
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
8,553,800
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,553,800
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Trian Fund Management GP, LLC
--------------------------------------------------------------------------------
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3454087
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 8,553,800
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
8,553,800
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,553,800
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Trian Partners GP, L.P.
--------------------------------------------------------------------------------
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3453775
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 4,220,004
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
4,220,004
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,220,004
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Trian Partners General Partner, LLC
--------------------------------------------------------------------------------
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3453595
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 4,220,004
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
4,220,004
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,220,004
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
--------------------------------------------------------------------------------
Trian Partners, L.P.
--------------------------------------------------------------------------------
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3453988
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 952,519
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
952,519
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
952,519
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.1%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Trian Partners Master Fund, L.P.
--------------------------------------------------------------------------------
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 98-0468601
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 3,261,527
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
3,261,527
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,261,527
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.7%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Trian Partners Master Fund (Non-ERISA), L.P.
--------------------------------------------------------------------------------
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 98-0471467
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 5,958
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
5,958
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,958
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Trian Partners Parallel Fund I, L.P.
--------------------------------------------------------------------------------
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3694154
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 135,712
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
135,712
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
135,712
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Trian Partners Parallel Fund I General Partner, LLC
--------------------------------------------------------------------------------
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 20-3694293
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 135,712
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
135,712
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
135,712
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Trian Partners Parallel Fund II, L.P.
--------------------------------------------------------------------------------
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 87-0763105
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 30,751
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
30,751
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
30,751
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Trian Partners Parallel Fund II GP, L.P.
--------------------------------------------------------------------------------
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 87-0763102
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 30,751
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
30,751
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
30,751
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Trian Partners Parallel Fund II General Partner, LLC
--------------------------------------------------------------------------------
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 87-0763099
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 30,751
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
30,751
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
30,751
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Triarc Companies, Inc.
--------------------------------------------------------------------------------
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 38-0471180
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
0
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Nelson Peltz
--------------------------------------------------------------------------------
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 8,553,800
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
8,553,800
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,553,800
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Peter W. May
--------------------------------------------------------------------------------
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 8,553,800
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
8,553,800
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,553,800
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Edward P. Garden
--------------------------------------------------------------------------------
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: ###-##-####
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 8,553,800
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
8,553,800
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,553,800
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.8%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Castlerigg Master Investments Ltd.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 3,916,013
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
3,916,013
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,916,013
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Sandell Asset Management Corp.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 3,916,013
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
3,916,013
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,916,013
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Castlerigg International Limited
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 3,916,013
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
3,916,013
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,916,013
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
[PG NUMBER]
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Castlerigg International Holdings Limited
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 3,916,013
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
3,916,013
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,916,013
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
--------------------------------------------------------------------------------
CUSIP NO.: 950590109
1 NAMES OF REPORTING PERSONS
Thomas E. Sandell
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [x]
(b) [_]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e)
[_]
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Sweden
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH 3,916,013
REPORTING ------------------------
PERSON 9 SOLE DISPOSITIVE POWER
0
------------------------
10 SHARED DISPOSITIVE POWER
3,916,013
------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,916,013
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.5%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
INTRODUCTORY STATEMENT
This Amendment No. 7 (this "Amendment") relates to the Schedule 13D filed on
behalf of Trian Partners GP, L.P., a Delaware limited partnership ("Trian GP"),
Trian Partners General Partner, LLC, a Delaware limited liability company
("Trian GP LLC"), Trian Partners, L.P., a Delaware limited partnership ("Trian
Onshore"), Trian Partners Master Fund, L.P., a Cayman Islands limited
partnership ("Trian Offshore"), Trian Partners Master Fund (Non-ERISA), L.P., a
Cayman Islands limited partnership ("Trian Offshore (Non-ERISA)"), Trian
Partners Parallel Fund I, L.P., a Delaware limited partnership ("Parallel
Fund"), Trian Partners Parallel Fund I General Partner, LLC, a Delaware limited
liability company ("Parallel Fund GP"), Trian Partners Parallel Fund II, L.P., a
Delaware limited partnership ("Parallel Fund II"), Trian Partners Parallel Fund
II GP, L.P., a Delaware limited partnership ("Parallel Fund II GP"), Trian
Partners Parallel Fund II General Partner, LLC, a Delaware limited liability
company ("Parallel Fund II GP LLC"), Trian Fund Management, L.P., a Delaware
limited partnership ("Trian Management"), Trian Fund Management GP, LLC, a
Delaware limited liability company ("Trian Management GP", and together with the
foregoing, the "Trian Entities" or "Trian"), Triarc Companies, Inc., a Delaware
corporation ("Triarc"), Nelson Peltz, a citizen of the United States of America,
Peter W. May, a citizen of the United States of America, Edward P. Garden, a
citizen of the United States of America (the Trian Entities, Triarc and Messrs.
Peltz, May and Garden are sometimes hereinafter referred to collectively as the
"Trian Filing Persons"), Castlerigg Master Investments Ltd. ("CMI"), Sandell
Asset Management Corp. ("SAMC"), Castlerigg International Limited ("CIL"),
Castlerigg International Holdings Limited ("CIHL") and Thomas E. Sandell
("Sandell", and collectively with CMI, SAMC, CIL and CIHL, the "Sandell Filing
Persons" and, together with the Trian Filing Persons, the "Filing Persons"),
with the Securities and Exchange Commission on December 13, 2005 (as amended by
Amendment No. 1 to Schedule 13D filed by the Filing Persons with the Securities
and Exchange Commission on January 17, 2006, Amendment No. 2 to Schedule 13D
filed by the Filing Persons with the Securities and Exchange Commission on March
3, 2006, Amendment No. 3 to Schedule 13D filed by the Filing Persons with the
Securities and Exchange Commission on April 28, 2006, Amendment No. 4 to
Schedule 13D filed by the Filing Persons with the Securities and Exchange
Commission on May 31, 2006, Amendment No. 5 to Schedule 13D filed by the Filing
Persons with the Securities and Exchange Commission on December 4, 2006, and
Amendment No. 6 to Schedule 13D filed by the Filing Persons with the Securities
and Exchange Commission on July 3, 2007, the "Schedule 13D"), relating to the
Common Shares, $.10 stated value (the "Shares"), of Wendy's International, Inc.,
an Ohio corporation (the "Issuer" or "Wendy's"). Each capitalized term used but
not defined herein has the meaning ascribed to such term in the Schedule 13D.
Items 4 and 7 of the Schedule 13D are hereby amended and supplemented as
follows:
Item 4. Purpose of Transaction.
As previously disclosed, on June 22, 2007, in connection with the Issuer's
sale process, Triarc Companies, Inc., the franchisor of the Arby's restaurant
system ("Triarc"), received a draft confidentiality agreement from
representatives of the Special Committee of the Board of Directors of the Issuer
(the "Special Committee") pursuant to which the Issuer would provide
confidential information to Triarc so that Triarc can consider and evaluate a
possible transaction with the Issuer. The confidentiality agreement contained
several clauses that Triarc objected to either because Triarc believed they were
not consistent with market practice or for other reasons. Despite Triarc's
repeated efforts to compromise over the last month on the terms of the proposed
confidentiality agreement, the Special Committee and Triarc have not been able
to reach agreement on several significant provisions of the confidentiality
agreement.
Triarc expressed its concerns that the Special Committee's desire to offer
staple financing as part of its sale process and the provisions of the
confidentiality agreement relating to the staple financing do not give Triarc
the necessary flexibility to improve upon the terms of the staple financing and
thereby allow a synergistic buyer such as Triarc to maximize the consideration
it could offer to Issuer's shareholders. Triarc believes that these provisions,
together with the Special Committee's insistence that Triarc accept unlimited
liability should any actions by Triarc or its advisors be in any way
"detrimental" to the staple financing, effectively promote acceptance of the
Issuer's staple financing as a de facto condition to participating in the sale
process.
The Special Committee has also sought to restrict Triarc's ability to
share due diligence information and discuss a transaction with equity financing
sources, as well as potential debt financing sources that either are not
traditional institutional lenders or are traditional institutional lenders that
own five percent or more of the Issuer's outstanding stock. The Special
Committee has also maintained that it should have the ability to unreasonably
withhold its consent if Triarc seeks the Special Committee's approval to provide
due diligence information and discuss financing the transaction with other
stockholders of the Company subject to an appropriate non-disclosure agreement.
Triarc believes these restrictions unreasonably limit its ability to expand its
financing to financial services firms, diversified financial companies and other
non-traditional institutional lenders.
Additionally, the Special Committee has insisted that Trian agree not to
exercise until December 1, 2007 certain rights of first refusal and first offer,
as well as voting rights, it has with respect to the Issuer shares owned by the
Sandell Filing Persons. Such rights are contained in Trian's agreements with the
Sandell Filing Persons which were filed as exhibits to this Schedule 13D on
December 13, 2005, April 28, 2006 and December 4, 2006, respectively. The Filing
Persons note that under the terms of the agreement entered into with the Issuer
in March 2006 and which expired one month ago, while the Filing Persons were
subject to various standstill provisions prohibiting certain actions, at no time
during this 16-month period was Trian restricted from exercising these kinds of
purchase or voting rights. Accordingly, Trian believes that it should not be
required to forego these already existing rights in order for Triarc to be
permitted access to due diligence information.
Finally, the Special Committee has refused to include in the
confidentiality agreement a "most favored nations" provision pursuant to which
the Issuer would agree not to enter into any agreements or arrangements with
other bidders that are more favorable than the terms agreed with Triarc. Trian
and Triarc both believe that such a provision would be entirely consistent with
the conduct of a sale process that is designed to treat all bidders equally in
order to achieve the best possible transaction for all shareholders.
As one of the Issuer's largest shareholders, Trian believes that the
Special Committee should be structuring its sale process so that a natural,
strategic buyer such as Triarc is encouraged to submit a bid that will deliver
full value to shareholders. Trian believes that the Special Committee's
negotiation stance in the context of its confidentiality requirements is not in
the best interest of shareholders. The effect of the Special Committee's conduct
has been to delay Triarc's access to the information it will need to participate
in the sale process, thereby putting it at a disadvantage to other potential
bidders. Moreover, Trian believes that Triarc should be given every opportunity
to optimize the financing structure for any proposal it may make to acquire the
Issuer and should not be required to accept a financing structure dictated by
the Special Committee if alternative structures with the Issuer's cooperation
would allow a strategic bidder such as Triarc to deliver increased value to all
shareholders. In seeking and negotiating such alternative structures, Trian
believes that Triarc should not be unreasonably exposed to the risk of liability
to the Issuer should an alternative structure somehow in any way, no matter how
insignificant, be "detrimental" to the Special Committee's proposed structure.
On July 30, 2007, Trian and Triarc sent a letter to the Issuer expressing
the concerns they have with the confidentiality agreement proposed by the
Special Committee. A copy of the letter is filed as Exhibit 14 to this Schedule
13D. The letter also stated that Triarc presently anticipates that it would be
prepared to offer consideration in the range of $37.00 to $41.00 per share to
the Issuer's shareholders. This represents a premium of 10% to 22% over last
Friday's closing price for the Issuer's stock and a premium of 15% to 28% over
the closing price of the Issuer's stock on April 24, 2007, the day before the
Issuer announced the formation of the Special Committee. Such indication of
value is subject to the completion of satisfactory due diligence, the
negotiation of a definitive transaction agreement, clearance under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and Issuer
board and shareholder approval, among other customary conditions. The letter
also stated that depending on the results of its due diligence, Triarc may be
prepared to increase its valuation. The letter also states that Triarc will send
to the Issuer under separate cover a form of confidentiality agreement that
Triarc and Trian would be willing to sign in order to gain access to due
diligence information. In the letter, Trian and Triarc asked the Special
Committee to execute that form of confidentiality agreement by no later than
5:00 p.m. on August 1, 2007. The letter states that if Triarc and Trian "do not
receive a favorable response by then, [Triarc and Trian] wish the Special
Committee well in its effort to conduct an auction that will generate the best
transaction for all Wendy's shareholders. We will, however, continue to review
and evaluate our alternatives with respect to Wendy's and will continue to
contact and discuss with other shareholders our views regarding Wendy's, the
conduct of the Special Committee and possible strategies to maximize shareholder
value."
Triarc is considering its alternatives with respect to the Issuer's sale
process and the other Filing Persons are considering their alternatives with
respect to their investment in the Issuer. Triarc and the other Filing Persons
intend to contact and discuss with other shareholders of the Issuer their
respective views regarding their investment in the Issuer, the conduct of the
Special Committee and possible strategies to maximize shareholder value. Such
strategies could include, among other possibilities, shareholder participation
in a bid by Triarc to acquire the Issuer either through the Issuer's sale
process or otherwise. The Filing Persons may also seek to effect a plan or
proposal related to (a) an acquisition of additional securities of the Issuer;
(b) an extraordinary corporate transaction, such as a merger or acquisition
involving the Issuer and its subsidiaries; (c) a sale or transfer of a material
amount of assets of the Issuer or of any of its subsidiaries; (d) a change in
the present board of directors or management of the Issuer, including a plan or
proposal to change the number or term of directors or to fill any existing
vacancies on the board; (e) a material change in the present capitalization or
dividend policy of the Issuer; (f) any other material change in the Issuer's
business or corporate structure; (g) changes in the Issuer's charter, bylaws or
instruments corresponding thereto or other actions which may impede the
acquisition of control of the Issuer; (h) the causing of a class of securities
of the Issuer to be delisted from a national securities exchange or to cease to
be authorized to be quoted in an inter-dealer quotation system of a registered
national securities association; (i) a class of equity securities of the issuer
becoming eligible for termination of registration pursuant to Section 12(g)(4)
of the Securities Exchange Act; or (j) any action similar to the foregoing. The
Filing Persons may decide to implement the foregoing either through
participation in the Issuer's formal sale process or otherwise. Although the
Filing Persons are actively exploring their options with respect to each of the
foregoing, there can be no assurance that Triarc or the other Filing Persons
will seek to implement any one or more of the foregoing.
The Filing Persons other than Triarc intend to review their investment in
the Issuer on a continuing basis. Depending on various factors including,
without limitation, the outcome of the sale process, the Issuer's financial
position, results and strategic direction, price levels of the Shares,
conditions in the securities and credit markets and general economic and
industry conditions, the Filing Persons other than Triarc may in addition to the
foregoing take such actions with respect to their investment in the Issuer as
they deem appropriate including, but not limited to, selling or transferring
some or all of their Issuer Securities, or communicating with the Issuer and
other investors.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
14. Letter from Triarc and Trian Management to Issuer, dated July 30, 2007.
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each of the undersigned certifies that the information set
forth in this statement is true, complete and correct.
TRIAN PARTNERS GP, L.P.
By: /s/ Edward P. Garden
-------------------------------------------------
Name: Edward P. Garden
Title: Member
TRIAN PARTNERS GENERAL PARTNER, LLC
By: /s/ Edward P. Garden
-------------------------------------------------
Name: Edward P. Garden
Title: Member
TRIAN PARTNERS, L.P.
By: Trian Partners GP, L.P., its general partner
By: Trian Partners General Partner, LLC, its general
partner
By: /s/ Edward P. Garden
-------------------------------------------------
Name: Edward P. Garden
Title: Member
TRIAN PARTNERS MASTER FUND, L.P.
By: Trian Partners GP, L.P., its general partner
By: Trian Partners General Partner, LLC, its general
partner
By: /s/ Edward P. Garden
-------------------------------------------------
Name: Edward P. Garden
Title: Member
TRIAN PARTNERS MASTER FUND (NON-ERISA), L.P.
By: Trian Partners GP, L.P., its general partner
By: Trian Partners General Partner, LLC, its general
partner
By: /s/ Edward P. Garden
-------------------------------------------------
[Signature Page of Amendment No. 7 of Schedule 13D -
Wendy's International, Inc.]
Name: Edward P. Garden
Title: Member
TRIAN PARTNERS PARALLEL FUND I, L.P.
By: Trian Partners Parallel Fund I General Partner
LLC, its general partner
By: /s/ Edward P. Garden
-------------------------------------------------
Name: Edward P. Garden
Title: Member
TRIAN PARTNERS PARALLEL FUND I GENERAL PARTNER, LLC
By: /s/ Edward P. Garden
-------------------------------------------------
Name: Edward P. Garden
Title: Member
TRIAN PARTNERS PARALLEL FUND II, L.P.
By: Trian Partners Parallel Fund II GP, L.P., its
general partner
By: Trian Partners Parallel Fund II General Partner,
LLC, its general partner
By: /s/ Edward P. Garden
-------------------------------------------------
Name: Edward P. Garden
Title: Member
TRIAN PARTNERS PARALLEL FUND II GP, L.P.
By: Trian Partners Parallel Fund II General Partner,
LLC, its general partner
By: /s/ Edward P. Garden
-------------------------------------------------
Name: Edward P. Garden
Title: Member
TRIAN PARTNERS PARALLEL FUND II GENERAL PARTNER, LLC
By: /s/ Edward P. Garden
-------------------------------------------------
Name: Edward P. Garden
Title: Member
[Signature Page of Amendment No. 7 of Schedule 13D -
Wendy's International, Inc.]
TRIAN FUND MANAGEMENT, L.P.
By: Trian Fund Management GP, LLC, its general
partner
By: /s/ Edward P. Garden
-------------------------------------------------
Name: Edward P. Garden
Title: Member
Trian Fund Management GP, LLC
By: /s/ Edward P. Garden
-------------------------------------------------
Name: Edward P. Garden
Title: Member
/s/ Nelson Peltz
----------------------------------------------------
NELSON PELTZ
/s/ Peter W. May
----------------------------------------------------
PETER W. MAY
/s/ Edward P. Garden
----------------------------------------------------
EDWARD P. GARDEN
[Signature Page of Amendment No. 7 of Schedule 13D -
Wendy's International, Inc.]
CASTLERIGG MASTER INVESTMENTS LTD.
BY: SANDELL ASSET MANAGEMENT CORP., its investment
manager
By: /s/ Thomas E. Sandell
-------------------------------------------------
Name: Thomas E. Sandell
Title: Chief Executive Officer
SANDELL ASSET MANAGEMENT CORP.
By: /s/ Thomas E. Sandell
-------------------------------------------------
Name: Thomas E. Sandell
Title: Chief Executive Officer
CASTLERIGG INTERNATIONAL LIMITED
BY: SANDELL ASSET MANAGEMENT CORP., its investment
manager
By: /s/ Thomas E. Sandell
-------------------------------------------------
Name: Thomas E. Sandell
Title: Chief Executive Officer
CASTLERIGG INTERNATIONAL HOLDINGS LIMITED
BY: SANDELL ASSET MANAGEMENT CORP., its investment
manager
By: /s/ Thomas E. Sandell
-------------------------------------------------
Name: Thomas E. Sandell
Title: Chief Executive Officer
/s/ Thomas E. Sandell
----------------------------------------------------
THOMAS E. SANDELL
[Signature Page of Amendment No. 7 of Schedule 13D -
Wendy's International, Inc.]
TRIARC COMPANIES, INC.
By: /s/ Stuart I. Rosen
-------------------------------------------------
Name: Stuart I. Rosen
Title: Senior Vice President and General Counsel
Dated: July 30, 2007
[Signature Page of Amendment No. 7 of Schedule 13D -
Wendy's International, Inc.]