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.