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WEN » Topics » ittee and Other Merger Related Charges

This excerpt taken from the WEN 8-K filed Nov 6, 2008.
ittee and Other Merger Related Charges
 
In the third quarter and year-to-date 2008 periods, the Company recognized $69.0 million and $84.2 million, respectively, of Special Committee and other merger related charges, compared to $13.4 million and $18.1 million for the quarter and year-to-date periods in 2007, respectively. Prior to the third quarter of 2008, these costs were primarily financial, legal advisory and due diligence fees related to the activities of the Special Committee. For the third quarter of 2008, the charges included costs related to the merger, including the effect of change in control provisions in key executive employment agreements and merger related equity compensation costs, a portion of which did not require the use of cash, as well as similar types of fees as those previously incurred.

 
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