OMB APPROVAL
	OMB Number: 3235-0145
	Expires: February 28, 2009
	Estimated average burden hours per response....... 10.4

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

WENDY’S/ARBY’S GROUP, INC.

(Name of Issuer)

Class A Common Stock, $.10 stated value
(Title of Class of Securities)

950587105
(CUSIP Number)

September 29, 2008
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     þ    Rule 13d-1(b)

     o    Rule 13d-1(c)

     o    Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

 

            

CUSIP No.		950587105

CUSIP No.		950587105

CUSIP No.		950587105

CUSIP No.		950587105

Item 1.

	(a)		Name of Issuer
			The name of the issuer is Wendy’s/Arby’s Group, Inc. (the “Company”).
	(b)		Address of Issuer’s Principal Executive Offices

1155

Perimeter Center West, Atlanta, Georgia 30338.

Item 2.

	(a)		Name of Person Filing
			This statement is filed by:

(i) Pershing Square Capital Management, L.P., a Delaware limited partnership (the “Investment Manager”), which serves as investment advisor to Pershing Square, L.P. (“Pershing Square”), a Delaware limited partnership, Pershing Square II, L.P. (“Pershing Square II”), a Delaware limited partnership, and Pershing Square International, Ltd. (“Pershing Square International”), a Cayman Islands exempted company, with respect to the Class A Common Stock (as defined in Item 2(d) below) directly owned by Pershing Square, Pershing Square II and Pershing Square International;

(ii) PS Management GP, LLC, a Delaware limited liability company (“PS Management”), which serves as the general partner of the Investment Manager, with respect to the shares of Class A Common Stock directly owned by Pershing Square, Pershing Square II and Pershing Square International;

(iii) Pershing Square GP, LLC (the “General Partner”), a Delaware limited liability company, which serves as the general partner of each of Pershing Square and Pershing Square II; and

(iv) William A. Ackman, an individual (“Mr. Ackman”), who serves as the managing member of each of PS Management and the General Partner.

The foregoing persons are hereinafter sometimes collectively referred to as the “Reporting Persons.” Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.

	(b)		Address of Principal Business Office or, if none, Residence
			The address of the business office of each of the Reporting Persons is 888 Seventh Avenue, 42nd Floor, New York, New York 10019.
	(c)		Citizenship
			The Investment Manager is a limited partnership organized under the laws of the State of Delaware. PS Management is a limited liability company organized under the laws of the State of Delaware. The General Partner is a limited liability company organized under the laws of the State of Delaware. Mr. Ackman is a United States citizen.
	(d)		Title of Class of Securities
			Class A Common Stock, $.10 stated value (the “Class A Common Stock”)
	(e)		CUSIP Number

950587105

Page 6 of 9 pages 

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)		o		Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)		o		Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)		o		Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)		o		Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)		þ		An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E), (1);
(f)		o		An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
(g)		þ		A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G), (2);
(h)		o		A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)		o		A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)		o		Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Item 4. Ownership.

     A. Pershing Square Capital Management, L.P.

(a) May be deemed to have beneficially owned: 55,619,748 shares of Class A Common Stock.

(b) Percent of class: 11.91%. The percentages used herein and in the rest of Item 4 are calculated based on the pro forma calculation of 466,914,000 shares of Class A Common Stock outstanding as of June 29, 2008 as reported in the Company’s Form S-4/A, filed on August 15, 2008.

(c) Number of shares as to which such person may be deemed to have:

(i) Sole power to vote or direct the vote: -0-

(ii) Shared power to vote or direct the vote: 55,619,748

(iii) Sole power to dispose or direct the disposition: -0-

(iv) Shared power to dispose or direct the disposition: 55,619,748

     B. PS Management GP, LLC

(a) May be deemed to have beneficially owned: 55,619,748 shares of Class A Common Stock.

(b) Percent of class: 11.91%

(c) Number of shares as to which such person may be deemed to have:

(i) Sole power to vote or direct the vote: -0-

(ii) Shared power to vote or direct the vote: 55,619,748

(iii) Sole power to dispose or direct the disposition: -0-

(iv) Shared power to dispose or direct the disposition: 13,087,000

     C. Pershing Square GP, LLC

(a) May be deemed to have beneficially owned: 21,578,936 shares of Class A Common Stock.

(b) Percent of class: 4.62%

(c) Number of shares as to which such person may be deemed to have:

(i) Sole power to vote or direct the vote: -0-  

Page 7 of 9 pages

(ii) Shared power to vote or direct the vote: 21,578,936

(iii) Sole power to dispose or direct the disposition: -0-

(iv) Shared power to dispose or direct the disposition: 21,578,936

     D. William A. Ackman

(a) May be deemed to have beneficially owned: 55,619,748 shares of Class A Common Stock.

(b) Percent of class: 11.91%

(c) Number of shares as to which such person may be deemed to have:

(i) Sole power to vote or direct the vote: -0-

(ii) Shared power to vote or direct the vote: 55,619,748

(iii) Sole power to dispose or direct the disposition: -0-

(iv) Shared power to dispose or direct the disposition: 55,619,748

Item 5.		Ownership of Five Percent or Less of a Class.

     Not applicable.

Item 6.		Ownership of More than Five Percent on Behalf of Another Person.

     The Investment Manager, in its capacity as the investment advisor to Pershing Square, Pershing Square II and Pershing Square International, has the power to direct the investment activities of each of Pershing Square, Pershing Square II and Pershing Square International. PS Management is the general partner of the Investment Manager. The General Partner, in its capacity as the general partner to Pershing Square and Pershing Square II, has the power to direct the investment activities of each of Pershing Square and Pershing Square II. Mr. Ackman is the managing member of each of PS Management and the General Partner.

Item 7.		Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

     Not applicable.

Item 8.		Identification and Classification of Members of the Group.

     See Item 2.

Item 9.		Notice of Dissolution of Group.

     Not applicable.

Item 10.		Certification.

Each of the Reporting Persons hereby makes the following certification:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.  

Page 8 of 9 pages

SIGNATURE

     After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

  

Page 9 of 9 pages