Wendy’s Takes Closer Look At Sale

USA Today :

Hamburger chain Wendy’s International (WEN) said Monday that it will explore the possible sale of the company instead of other restructuring options.

Wendy’s, which also lowered its 2007 earnings forecast, had said in April it would weigh options to boost strategic value, including a possible sale. The latest announcement shows that the fast-food chain sees a sale as more likely.

Last month, Wendy’s hired JPMorgan (JPM) and Lehman Bros. (LEH) as its financial advisers for a possible deal.