Wendy's to explore strategic alternatives that could include sale

By Lisa Kerner

Charlotte, N.C., April 25 - The board of directors of Wendy's International, Inc. formed a special committee to review the company's strategic options, which could include a revision to its strategic plan, changes to the capital structure or a possible sale or merger of the company.

"There is no specific timeframe to complete the review and there are no constraints on options to be explored by the committee. A number of stakeholders have offered suggestions about strategies to improve performance and create additional value," board chairman and head of the special committee James V. Pickett said in a company news release.

Wendy's completed the spin off of Tim Hortons in the third quarter of 2006 and completed the sale of Baja Fresh Mexican Grill during the fourth quarter of 2006. During the fourth quarter of 2006, the Dublin, Ohio-based quick service restaurant chain also approved the prospective sale of Cafe Express.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.