DUBLIN OHIO Wendy’s International Inc. is facing pressure from its largest institutional shareholder to sell the No. 3 burger chain to the highest bidder and perhaps to seek a new chief executive, according to media reports. — Boston-based Highfields Capital Management LP, which holds an 8.5-percent stake in Wendy’s, reportedly sent a letter this month to Wendy’s chairman James Pickett and other directors, pushing the company to be more aggressive in searching ...

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