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October 12, 2008 9:31:34 PM CDT



Wendy's on Block as Stale Sales Sink Earnings

Posted Jun 19, 07 5:29 AM CDT in US Business 

(Newser) – Wendy's is looking for buyers as the hamburger chain's earnings and market share plummet. Aggressive competition from McDonald's and Burger King as well as soaring beef and dairy prices have taken a  big bite out of Wendy's bottom line, the Wall Street Journal reports.

It's not a great time to sell hamburgers—or fast food chains. Applebee's is looking for a buyer and Outback has just been bought by two private equity firms; this is the third time Wendy's has floated the idea of a sale. One possibility is that billionaire Nelson Peltz, who already has a significant holding, could attempt to take the company private. Peltz's Triarc Co. owns Arby's.

Source Wall Street Journal

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food   McDonald's   fast food   privatization   Wendy's



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