Wendy's/Arby's Group Inc (WEN.N), the No. 3 U.S. fast-food chain, plans to put its Arby's sandwich chain up for sale, the Wall Street Journal reported, citing people familiar with the matter. The company is expected to say on Thursday that it is considering "strategic alternatives" for Arby's, including a sale, the paper said. The move is seen as a concession by the company's Chairman Nelson Peltz, who orchestrated the merger of the two chains in 2008, as Arby's is having trouble in competing with rivals, the WSJ said. Peltz, through his investment firm Trian Fund Management and its affiliates, is the largest shareholder in Wendy's/Arby's.
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