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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000930413-08-006825.txt : 20081120
<SEC-HEADER>0000930413-08-006825.hdr.sgml : 20081120
<ACCEPTANCE-DATETIME>20081120164717
ACCESSION NUMBER:		0000930413-08-006825
CONFORMED SUBMISSION TYPE:	SC 14D9/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20081120
DATE AS OF CHANGE:		20081120

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WENDY'S/ARBY'S GROUP, INC.
		CENTRAL INDEX KEY:			0000030697
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING & DRINKING PLACES [5810]
		IRS NUMBER:				380471180
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1230

	FILING VALUES:
		FORM TYPE:		SC 14D9/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-30388
		FILM NUMBER:		081204345

	BUSINESS ADDRESS:	
		STREET 1:		1155 PERIMETER CENTER WEST
		STREET 2:		SUITE 1200
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30338
		BUSINESS PHONE:		(678) 514-4100

	MAIL ADDRESS:	
		STREET 1:		1155 PERIMETER CENTER WEST
		STREET 2:		SUITE 1200
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30338

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TRIARC COMPANIES INC
		DATE OF NAME CHANGE:	19931109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DWG CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DEISEL WEMMER GILBERT CORP
		DATE OF NAME CHANGE:	19680820

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WENDY'S/ARBY'S GROUP, INC.
		CENTRAL INDEX KEY:			0000030697
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING & DRINKING PLACES [5810]
		IRS NUMBER:				380471180
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1230

	FILING VALUES:
		FORM TYPE:		SC 14D9/A

	BUSINESS ADDRESS:	
		STREET 1:		1155 PERIMETER CENTER WEST
		STREET 2:		SUITE 1200
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30338
		BUSINESS PHONE:		(678) 514-4100

	MAIL ADDRESS:	
		STREET 1:		1155 PERIMETER CENTER WEST
		STREET 2:		SUITE 1200
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30338

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TRIARC COMPANIES INC
		DATE OF NAME CHANGE:	19931109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DWG CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DEISEL WEMMER GILBERT CORP
		DATE OF NAME CHANGE:	19680820
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 14D9/A
<SEQUENCE>1
<FILENAME>c55749_sc14d9a.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>c55749_sc14d9a.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">

<div style="border-bottom:4px solid #000000">&nbsp;</div>
<div style="border-bottom:1px solid #000000; font-size:1px">&nbsp;</div>

<P align="center">
<B><FONT size=4 face="serif">SECURITIES AND EXCHANGE COMMISSION </FONT></B><BR>
<B><FONT size=2 face="serif">Washington, D.C. 20549 </FONT></B></P>
<P align="center">
<B><FONT size=5 face="serif">SCHEDULE 14D-9</FONT></B><B><FONT size=2 face="serif"> </FONT></B><BR>
<B><FONT size=2 face="serif">(RULE 14d-101) </FONT></B></P>
<P align="center">
<B><FONT size=2 face="serif">SOLICITATION/RECOMMENDATION STATEMENT UNDER SECTION 14(d)(4) </FONT></B><BR>
<B><FONT size=2 face="serif">OF THE SECURITIES EXCHANGE ACT OF 1934 </FONT></B><BR>
<B><FONT face="serif">(Amendment No. 1) </FONT></B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="border:1px solid #000000;">
<TR valign="bottom">
  <TD align=center width=100% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=5 face="serif">WENDY&#146;S/ARBY&#146;S GROUP, INC.</FONT></B>
  </TD>
</TR>
<TR valign="bottom">
  <TD align=center width=100% style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(Name of Subject Company)</FONT>
  </TD>
</TR>
<TR>
  <TD>&nbsp;

  </TD>
</TR>
<TR>
  <TD>&nbsp;

  </TD>
</TR>
<TR valign="bottom">
  <TD align=center width=100% style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">WENDY&#146;S/ARBY&#146;S GROUP, INC.</FONT></B>
  </TD>
</TR>
<TR valign="bottom">
  <TD align=center width=100% style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(Name of Person Filing Statement)</FONT>
  </TD>
</TR>
<TR>
  <TD>&nbsp;

  </TD>
</TR>
<TR>
  <TD>&nbsp;

  </TD>
</TR>
<TR valign="bottom">
  <TD align=center width=100% nowrap style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">CLASS A COMMON STOCK, PAR VALUE &#36;0.10 PER SHARE</FONT></B>
  </TD>
</TR>
<TR valign="bottom">
  <TD align=center width=100% style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif">(Title of Class of Securities)</FONT>
  </TD>
</TR>
<TR>
  <TD>&nbsp;

  </TD>
</TR>
<TR>
  <TD>&nbsp;

  </TD>
</TR>
<TR valign="bottom">
  <TD align=center width=100% style="border-bottom:1px solid #000000;">
<B><FONT size=2 face="serif">950587105</FONT></B>
  </TD>
</TR>
<TR valign="bottom">
  <TD align=center width=100%>
<FONT size=2 face="serif">(CUSIP Number of Class of Securities)</FONT>
  </TD>
</TR>
</TABLE><BR>
<P align="center">
<B><FONT size=2 face="serif">Roland C. Smith</FONT></B><BR>
<B><FONT size=2 face="serif">President and Chief Executive Officer </FONT></B><BR>
<B><FONT size=2 face="serif">Wendy&#146;s/Arby&#146;s Group, Inc. </FONT></B><BR>
<B><FONT size=2 face="serif">1155 Perimeter Center West </FONT></B><BR>
<B><FONT size=2 face="serif">Atlanta, GA 30338</FONT></B><BR>
<B><FONT size=2 face="serif">(678) 514-4100 </FONT></B></P>
<P align="center">
<FONT size=2 face="serif">(Name, address and telephone number of person authorized to receive</FONT><BR>
<FONT size=2 face="serif">notices and communications on behalf of the person filing statement)</FONT><FONT face="serif"> </FONT></P>
<P align="center">
<FONT size=2 face="serif">Copies to: </FONT></P>
<TABLE width=100% border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=50% align=center nowrap>
<FONT size=2 face="serif">Nils H. Okeson</FONT>  </TD>
  <TD width=50% align=center nowrap>
<FONT size=2 face="serif">Julie M. Allen, Esq.</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=50% align=center nowrap>
<FONT size=2 face="serif">Senior Vice President, General Counsel</FONT>  </TD>
  <TD width=50% align=center nowrap>
<FONT size=2 face="serif">Proskauer Rose LLP</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=50% align=center nowrap>
<FONT size=2 face="serif">and Secretary</FONT>  </TD>
  <TD width=50% align=center nowrap>
<FONT size=2 face="serif">1585 Broadway</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=50% align=center nowrap>
<FONT size=2 face="serif">Wendy&#146;s/Arby&#146;s Group, Inc.</FONT>  </TD>
  <TD width=50% align=center nowrap>
<FONT size=2 face="serif">New York, NY 10036-8299</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=50% align=center nowrap>
<FONT size=2 face="serif">1155 Perimeter Center West</FONT>  </TD>
  <TD width=50% align=center nowrap>
<FONT size=2 face="serif">(212) 969-3000</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD width=50% align=center nowrap>
<FONT size=2 face="serif">Atlanta, GA 30338</FONT>  </TD>
  <TD width=50% align=left nowrap>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD width=50% align=center nowrap>
<FONT size=2 face="serif">(678) 514-4100</FONT>  </TD>
  <TD width=50% align=left nowrap>&nbsp;  </TD>
</TR>
</TABLE>
<BR>
<P align="center">
<B><FONT FACE=WINGDINGS>o</FONT> <FONT SIZE="2">Check the box if the filing relates to preliminary
communications made before the <br>
commencement date of a tender offer.</FONT></B></P>

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<P align="left" style="page-break-before:always"></P><PAGE>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif"> This Amendment No. 1 to Schedule 14D-9 (this &#147;Amendment&#148;) amends and supplements the Schedule 14D-9 (the &#147;Schedule 14D-9&#148;) initially filed by Wendy&#146;s/Arby&#146;s Group, Inc., a Delaware corporation
(the &#147;Company&#148;), with the Securities and Exchange Commission (the &#147;SEC&#148;) on November 7, 2008, relating to the tender offer commenced by Trian Partners, L.P., a Delaware limited partnership (&#147;Trian Onshore&#148;), Trian
Partners Master Fund, L.P., a Cayman Islands limited partnership (&#147;Trian Master Fund&#148;), Trian Partners Parallel Fund I, L.P., a Delaware limited partnership (&#147;Parallel Fund I&#148;), and Trian Partners Parallel Fund II, L.P., a
Delaware limited partnership (&#147;Parallel Fund II&#148; and collectively with Trian Onshore, Trian Master Fund and Parallel Fund I, &#147;Purchaser&#148;), to acquire up to a total of 40,000,000 Shares in exchange for &#36;4.15 net per Share in
cash (subject to applicable withholding of U.S. federal, state and local taxes), without interest thereon, upon the terms and conditions set forth in the Offer to Purchase dated November 6, 2008 and in the related Letter of Transmittal contained in
the Schedule TO filed by Purchaser with the SEC on November 6, 2008. Except as otherwise indicated herein, the information set forth in the Schedule 14D-9 remains unchanged. Capitalized terms used but not defined herein have the meanings ascribed to
them in the Schedule 14D-9.</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The information in the Schedule 14D-9 is incorporated in this Amendment by reference, except that such information is hereby amended and supplemented to the extent specifically provided herein.
</FONT></P>
<P align="left">
<B><FONT size=2 face="serif">ITEM 4.</FONT></B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I><FONT size=2 face="serif">THE SOLICITATION OR RECOMMENDATION</FONT></I></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif"> </FONT><FONT size=2 face="serif">The second bullet point under Item 4(b) of the Schedule 14D-9 entitled &#147;Offer Price Represents a Premium to Pre-Announcement Trading Price&#148; is hereby amended and restated in its entirety
as follows: </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif"> &#147;</FONT><B><FONT size=2 face="serif">Offer Price Represents a Premium to Pre-Announcement Trading Price and Recent Historical Prices. </FONT></B><FONT size=2 face="serif">The Audit Committee considered recent and
historical market prices for the Shares and noted that the Offer Price represented a premium of approximately (i) 14% over the closing price of the Shares on the New York Stock Exchange on November 4, 2008, the day before the 203 Approval was given
and the Agreement was entered into, (ii) 28% over the 10 trading days immediately prior to November 3, 2008, (iii) 8.2% over the 26 trading days immediately prior to November 3, 2008 (since the consummation of the Wendy&#146;s/Triarc merger), and
(iv) 3.3% over the 30 trading days immediately prior to November 3, 2008. The Audit Committee also considered that market conditions and trends in the industry generally may affect the market price for the Shares and may cause it to either exceed or
fall below the Offer Price.&#148; </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif"> The third bullet point under Item 4(b) of the Schedule 14D-9 entitled &#147;Agreement&#148; is hereby amended and supplemented by adding the following text at the end thereof: </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif"> &#147;The Company believes that the provisions contained in the Agreement, as summarized above, provide sufficient protection to the Company&#146;s non-tendering stockholders such that granting the 203 Approval with
respect to the Offer on the terms outlined therein, in consideration of Purchaser&#146;s willingness to make the Offer at the Offer Price, was advisable and in the best interest of the Company and its stockholders.&#148; </FONT></P>

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<P align="left" style="page-break-before:always"></P><PAGE>
<P align="center">
<B><FONT size=2 face="serif">SIGNATURE</FONT></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. </FONT></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
  <TD align=left width=60% nowrap>&nbsp;  </TD>
  <TD colspan="2">
    <FONT size=2 face="serif">WENDY&#146;S/ARBY&#146;S GROUP, INC.</FONT>  </TD>
  </TR>
<TR>
  <TD colspan=3>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=3>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=3>&nbsp;  </TD>
</TR>
<TR>
  <TD colspan=3>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=60% nowrap>&nbsp;  </TD>
  <TD width=3%><font size=2 face="serif">By:</font>  </TD>
  <TD align=left width=35% nowrap style="border-bottom:1px solid #000000;">
<FONT size=2 face="serif"> /s/ Nils H. Okeson</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=60% nowrap>&nbsp;  </TD>
  <TD width=3%>&nbsp;  </TD>
  <TD align=left width=35% nowrap><FONT size=2 face="serif">Nils H. Okeson</FONT>  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=60% nowrap>&nbsp;  </TD>
  <TD width=3%>&nbsp;  </TD>
  <TD align=left width=35% nowrap><FONT size=2 face="serif">Senior Vice President and General Counsel</FONT>  </TD>
</TR>
<TR>
  <TD colspan=3>&nbsp;  </TD>
</TR>
<TR valign="bottom">
  <TD align=left width=60% nowrap>
<FONT size=2 face="serif">Dated: November 20, 2008</FONT>  </TD>
  <TD width=3%>&nbsp;  </TD>
  <TD align=left width=35% nowrap>&nbsp;  </TD>
</TR>
</TABLE>
<BR>

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