DUBLIN, Ohio - Wendy's International Inc. is exploring a possible sale of the company, the nation's third-largest hamburger chain said Monday.
The company also warned that it's earnings for the year would miss Wall Street estimates.
"While a sale remains only one of the alternatives under consideration, we believe it merits more thorough examination," James V. Pickett, Wendy's chairman and head of special committee doing the study, said in a statement.
The company, under pressure from shareholders, formed a committee in April to determine how to boost its stock price. JP Morgan, as lead adviser, and Lehman Brothers Inc., as co-adviser, will conduct a review in …
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