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Thursday, January 20, 2011

Wendy's/Arby's to sell Arby's sandwich chain, (NYSE: WEN)

Wendy's/Arby's Group (WEN.N) plans to sell its struggling Arby's roast beef sandwich chain to focus on the Wendy's hamburger chain, which its top shareholder expects to be the company's engine of growth. Its shares were up 27 cents, or 6 percent, at $4.75 in premarket trading. Sales at Arby's North American restaurants open at least 15 months fell 5.9 percent in its third fiscal quarter, following a 7.4 percent decline in the second quarter.

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