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Wendy’s Offers $46 Million for 163 Meritage Restaurants in Bankruptcy

Meritage is among Wendy’s largest franchisees and was a recent plaintiff in a lawsuit against the chain.

Empty booths face a restaurant counter in early morning light / TokenPost.ai
Empty booths face a restaurant counter in early morning light / TokenPost.ai

The Wendy’s Company has offered $46 million for 163 restaurants owned by bankrupt franchisee Meritage Hospitality Group, making it the stalking-horse bidder for the assets.

Meritage is among Wendy’s largest franchisees and was a recent plaintiff in a lawsuit against the chain.

A stalking-horse bidder sets the baseline for competing offers in a sale. Divine Infinity Operations separately offered $18.6 million for 42 locations.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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