DUBLIN Ohio The announcement of a sale or refinancing of Wendy’s International Inc. could be imminent, according to the special committee of the quick-service company’s board. The committee, appointed in April 2007 to explore a sale or other strategic alternatives for the company, “is in the final stages of its review process,” according to a statement released Monday morning by the group.
Speculation has circulated within the financial community that Wendy’s intends to disclose the company’s fate during the annual meeting of Wendy’s franchisees, which is under way this week.
“The review process undertaken by the special committee has taken longer than anticipated, primarily due to the continuing turmoil in the financial markets,” said James Pickett, the outside director who serves as chairman of Wendy’s and the special committee.
