Friday, May 11, 2007

Large Wendy's (WEN) Holder Highfields Capital Urges Sale

According to reports from the Wall Street Journal, 8.5% holder of Wendy's International (NYSE: WEN), Highfields Capital Management, sent a letter to the Board of Directors urging them to sell to the highest bidder.

In late April, Wendy's announced the formation of special committee of independent Directors to review strategic options to enhance shareholder value.

Highfields Capital is the largest shareholder of Wendy's.

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