Wendy's Says Sale Is Taking Longer

October 26, 2007
Wendy's International Inc., the U.S. hamburger chain that's been seeking a buyer since April, said its proposed sale has been delayed because of turmoil in credit markets and added that it may give an update on the process soon.

``We acknowledge that the process is taking longer than we originally anticipated, and this is due in part to the well- publicized uncertainty in the debt-capital markets,'' Chief Financial Officer Jay Fitzsimmons said today on a call with analysts and investors.

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