ACTION: On September 15, 2008, Shareholders of Wendy’s International, Inc. (“WEN”) voted concerning a proposed merger with Triarc Companies, Inc. (“TRY”). The merger was approved and subsequently consummated on September 29, 2008. As a result, Triarc, Companies Inc. will change its name to Wendy’s/Arby’s Group, Inc. (New “WEN”), and each existing WEN Common Share will be converted into the right to receive 4.25 (New) WEN Common Shares. Cash will be paid in lieu of fractional WEN shares.
This action will be coordinated with the Options Clearing Corporation.
CATEGORY: Cash Settlement
EQUITY SYMBOL: Wendy’s International, Inc. (“WEN”)
ONE CHICAGO SYMBOL: WEN1C changes to WEN2C; WEN1C will not be reintroduced.
CME FUTURES SYMBOL: WE2 for WEN2C
MULTIPLIER: 100 (e.g., 1.00 equals $100.00)
EFFECTIVE DATE: Tuesday, September 30, 2008
NEW DELIVERABLE PER CONTRACT: 425 (New) Wendy’s/Arby’s Group, Inc. (“WEN”) Common Shares
APPLICABLE CONTRACT MONTHS: October, November, December 2008 and March 2009
SETTLEMENT PRICES AND POSITIONS: The price for the WEN2C contract will be calculated as follows:
WEN2C = 4.25 (WEN)
Please note that the valuation would apply only to the WEN2C deliverable in terms of current market value of the deliverable securities. The resulting price would not be equivalent to the daily settlement price of a futures contract month, whose determination would include cost of money carrying charges, adjustment for dividends, and other factors.
NOTES: The forecasted effect of the upcoming corporate event on each clearing firms’ positions can be viewed in infopac in the Corporate Event Initial Forecast Report (ONE712), the Corporate Event Final Forecast Report (ONE713), and the Corporate Event Forecast Audit Report (CPDBU710).
If you have any questions regarding the information provided in the document, please call CME Clearing risk management hotline at (312) 648-3888.