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Dublin "Optimistic" Wendy's Will Remain

Despite a bleak earnings report, Wendy's stock price closed up more than four percent Thursday on news that Triarc companies is buying the Dublin - based fast food chain.

Triarc, parent company of Arby's, is owned by billionaire Nelson Peltz who has tried for months to purchase the nation's third largest fast food operation.

Under agreements approved by boards of directors for Wendy's and Triarc, Wendy's headquarters will remain in Dublin.

The fast food giant has about 800 jobs in Dublin. That city's Economic Development Director Dana McDaniel says they are optimistic that Dublin, the region and the state will work together to retain the jobs

Ohio's largest company, Cardinal Health. is based in Dublin. Wendy's is one of the three largest companies located in the northwest Columbus suburb.