Almost two months after announcing a strategic review, the No.
3 hamburger chain, Wendy's International Inc., formally put itself on the
menu, for a third time. The Dublin, Ohio-based fast-food chain hired J.P.
Morgan as lead adviser and Lehman Brothers Inc. as co-adviser. Of course,
while Wendy's
issued
a press release Monday, all of this is really old news because it was
announced in two prior releases, when the company officially announced a
strategic review on April 25 and the selection of the banks on May 15. After
the initial announcement, Nelson Peltz and buyout firms were listed as likely
bidders, according to TheDeal.com's Auction Block database. Perhaps Wendy's is
having difficulty finding a bidder interested in taking a bite.—Matthew Wurtzel
See story from TheDeal.com
See
press release
See
April 26 story from TheDeal.com
See
profile from Auction Block (subscription required)
See
Fast Food Dealwatch
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Needing infomation on wendy's for sale in kansas city missouri. Existing businesses still going just wanting to sell the business.