Wendy’s makes move to sell company
This Jan. 29, 2012 photo, shows a Wendy's sign at a restaurant in Culver City, Calif., Sunday, Jan. 29, 2012. (AP Photo/Reed Saxon)
Frostys fans could be saying goodbye to their cool treat as Wendy’s makes plans to sell the company.
Wendy’s largest shareholder, Trian, is looking into a possible sale or merger of the burger chain.
According to a Securities and Exchange Commission filing, Trian could also increase its shareholder value.
Wendy’s profit margins have dropped as labor costs have risen.
Wendy’s shares also lost about one-third of their value this year.
However, the company’s stock jumped 11% Wednesday after it announced its SEC filing.
