Wendy's public franchisee to explore 'alternatives,' too

GRAND RAPIDS Mich. Wendy's franchisee Meritage Hospitality Group Inc. said Wednesday that it intends to explore "value-creating alternatives for our shareholders," corporate-speak for a possible sale or other means of recapitalization.

President and chief executive Robert E. Schermer Jr. said "a private equity scenario" might be "preferable" because it would afford Meritage more flexibility in expanding its Wendy's business. The company is currently Wendy's only

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