More than a dozen parties have expressed interest in Wendy’s International Inc’s sale process, the Wall Street Journal reports, citing a person familiar with the situation.
On its Web site, the Journal reported Wendy’s board was still considering a recapitalization or other change in strategy in addition to an outright sale of the fast-food company. More than a dozen parties have signed confidentiality agreements and voiced interest in the sale, the source said, including some private equity firms that could collaborate on a bid.