Wendy’s/Arby’s Group Inc. is exploring strategic alternatives for Arby’s, including a possible sale of the brand, the company said Thursday. Nelson Peltz, chairman of Wendy's/Arby's Group, said a divestiture of the 3,700-unit chain would help it focus on its 6,600-unit Wendy’s, the third-largest quick-service burger chain behind McDonald’s and Burger King. “We believe the way to maximize shareholder value is to focus all of our management and financial ...

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