BOSTON With a dissident investor demanding changes and the home office considering a sale or other strategic alternatives, a group of 39 Friendly’s franchisees sent a letter to shareholders of the family-dining chain’s parent company on Wednesday, saying it supported “the long term interests” of the system and opposed any investor who does “not look to protect” the success of the concept’s franchisees. The letter to shareholders of Friendly Ice Cream Corp. was not signed by 46-unit ...
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