More than a dozen parties have signed confidentiality agreements and expressed interest in participating in the sale process for Wendy’s International Inc., according to a person familiar with the situation.
Wendy’s, whose board launched a strategic review in April, is still considering a recapitalization or other change in strategy, this person said. The interested parties include some private-equity firms that could collaborate on a bid. So far, Triarc Cos., where Wendy’s investor Nelson Peltz is chairman, is the only entity that has publicly stated its interest.
Meanwhile, in a sign of the tensions inside Wendy’s, franchisees are asking company directors to keep management from shrinking the size of the fast-food chain’s products or making other changes they say could damage the brand as Wendy’s faces a possible sale.
No comments yet.