Wendy’s may dispose of Arby’s
Wendy's/Arby's Group Inc. (NYSE: WEN) shares surging almost 7 percent in pre-market trading after the company said it may sell of its struggling Arby's business and focus more on its Wendy's hamburger chain.
Arby’s has been hurt by its higher-priced food offerings amidst a period of economic uncertainty when consumers are opting for cheaper items.
UBS Investment Bank has been retained to explores alternatives for Arby's.
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