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TRIARC COMPANIES CLEARED TO APPLY TO LIST ON NYSE; SWITCH TO CALENDAR YEAR

 WEST PALM BEACH, Fla., Oct. 27 /PRNewswire/ -- Triarc Companies, Inc. (AMEX: DWG) has been cleared to apply to the New York Stock Exchange for the listing of its common stock, Chairman and Chief Executive Nelson Peltz told shareholders here today.
 Mr. Peltz said that he expected trading to commence on the New York Stock Exchange by late November. He said that the stock would begin trading under the new symbol TRY sometime next week.
 He said that management was in the process of simplifying the company by selling or discontinuing non-core assets, settling previously-outstanding lawsuits and ending three different fiscal reporting periods within the company by changing the company's fiscal year to December 31, said Mr. Peltz.
 Earlier today shareholders approved a proposal to change the name of DWG Corporation to Triarc. Mr. Peltz and Peter May acquired a controlling interest in DWG from Victor Posner in April.
 Triarc, a diversified company with sales in excess of $1 billion, is primarily involved in fast food (Arby's), soft drinks (Royal Crown Cola), textiles (Graniteville) and liquefied petroleum gas (National Propane).
 -0- 10/27/93 R
 /CONTACT: Jerry Hostetter of Triarc Companies, Inc., 212-230-3185/
 (DWG)


CO: Triarc Companies, Inc. ST: Florida IN: FOD TEX OIL SU:

PS -- NY114 -- 7753 10/28/93 09:23 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
Words:213
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