Wendy’s/Arby’s Group, is planning to auction its Arby’s sandwich chain, The Wall Street Journal reports. UBS Investment Bank has been appointed to manage the potential sale.
Chairman of Wendy’s/Arby’s Group, Nelson Peltz, and his hedge fund, Trian Fund Management, holds a 24.3% stake in the fast-food holding company. Arby’s and Wendy’s chains merged in 2008 to form the fast food company.
Click here for the story from The Wall Street Journal.
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