Deals
Wendy's Sells Its Stake in Arby's Owner Inspire for $450 Million
A Wendy's Co. fast food restaurant stands in San Antonio, Texas.
Photographer: Callaghan O'Hare/BloombergThis article is for subscribers only.
Wendy’s Co. has agreed to sell its stake in Arby’s backer Inspire Brands Inc., marking the latest ownership change in a rapidly shifting restaurant industry.
The fast-food burger chain is selling its 12.3 percent ownership back to Inspire Brands for $450 million, it said in a statement. The sale price represents a 38 percent premium on Wendy’s previous valuation of the investment, it said.