Wendy's to spend $300M on accelerated stock repurchase

DUBLIN Ohio Wendy's International Inc. said Tuesday it planned to purchase up to $300 million of its common stock from a broker-dealer in an accelerated share repurchase transaction.

While the exact number of shares and the per-share price are yet to be determined, Wendy's said it expects to repurchase up to 9 million shares during its current first quarter ending next month.

Wendy's previously had announced that its board of directors had approved

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