DUBLIN Ohio Wendy's International Inc. is facing pressure from its largest institutional shareholder to sell its business to the highest bidder and perhaps to search for a new chief executive, according to a report today in the Wall Street Journal. Boston-based Highfields Capital Management LP, which holds an 8.5 percent stake in Wendy's, reportedly sent a letter this week to Wendy's chairman James Pickett and other directors, pushing the restaurant company to aggressively search for ...
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Contact: Desiree Torres Desiree.Torres@penton.com