Wendy's facing pressure to sell

DUBLIN Ohio Wendy's International Inc. is facing pressure from its largest institutional shareholder to sell its business to the highest bidder and perhaps to search for a new chief executive, according to a report today in the Wall Street Journal.

Boston-based Highfields Capital Management LP, which holds an 8.5 percent stake in Wendy's, reportedly sent a letter this week to Wendy's chairman James Pickett and other directors, pushing the restaurant company to

Register to view the full article

Register to view this article

TAGS: Finance News
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.