NEW YORK ( TheStreet) -- Gerber Scientific's ( GRB) announcement to merge with Vector Capital , though small in size, is just one of several that hit Wall Street on Monday. Allied World Assurance ( AWH), Timberland ( TBL),
Wendy's/Arby's ( WEN) and Honeywell ( HON) were among the major players to grab the spotlight. Allied World Assurance agreed to merge with Transatlantic Holdings ( TRH). VF Corp. ( VFC) will buy Timberland. Wendy's/Arby's Group decided to sell Arby's Restaurant Group, and Honeywell will acquire EMS Technologies ( ELMG).
Wendy's/Arby's will retain an 18.5% ownership interest in the Arby's business. The transaction will provide opportunities for Wendy's restaurants that include "revitalization of our core menu, expanding breakfast, modernizing our facilities, building new restaurants in the United States and pursuing global expansion," said Roland Smith, president and CEO of Wendy's/Arby's. The deal is expected to close in the third quarter. Wendy's/Arby's shares were at $4.72, up 4.4% on Monday.