OTHER NEWS - Sept. 22, 1994

Arby’s to Buy Long John Silver’s for $525 Million: The owner of Arby’s roast beef restaurants said it agreed to pay cash for Long John Silver’s Restaurants Inc., the nation’s biggest chain specializing in fish and seafood. The deal would create a restaurant company with a combined 4,200 outlets generating more than $2.5 billion in annual sales. “The proposed addition of Long John Silver’s nearly 1,450 locations to our existing system of 2,800 Arby’s restaurants will propel us overnight to the top tier in the quick-service restaurant industry,” said Nelson Peltz, chairman and chief executive of Triarc Companies Inc. of New York. Triarc would become the sixth-largest U.S. fast-food company, according to Technomic Inc., a Chicago-based restaurant consulting firm. McDonald’s Corp. heads the list at $14.2 billion in domestic systemwide sales in 1993. Restaurants will display logos of both companies.