Wendy restaurants selling chain Arby, change of name - USA Today

Of ATLANTA (AP) - Wendy / group of Arby said Tuesday it has completed the sale of Restaurant Group, Arby for the firm of Atlanta Roark Capital Group-based private equity and dropped the chain of sandwich of beef roast of his name. By Scott Olson, Getty Images

A Wendy Chicago restaurant.

By Scott Olson, Getty Images

A Wendy Chicago restaurant.

The company will do business of Wendy effective company Tuesday and continue trading under the symbol "WEN" on the sale of $ 130 million of the New York Stock Exchange.The 81.5% of the Arby was completed less than a month after that, it was announced. Wendy to a game of 18.5% in the fast food chain, CEO Roland Smith of Wendy, said the month last signals of confidence of the business in the future of Arby. Roark Capital has also assumed debt of Arby.De Wendy $ 190 million and the Arby were combined in 2008 after Nelson Peltz and his investment firm, which already owns the Arby, purchased the Atlanta-based Wendy hamburger chain. The company has struggled since its formation in the great recession, losing money seven of its 10 districts.Wendy has approximately 6,600 restaurants; Arby has approximately 3, 600.Arby is the 11th company purchased food Roark. His stable also includes Carvel Ice Cream, Cinnabon, aunt Anne Southwest Grill of Moe and Best Coffee in Seattle at certain points of sale. It acquired Corner Bakery CAF and Il Fornaio Restaurants and bakeries last month.Smith said that Wendy will now focus on its namesake chain, with plans to revamp the menu, including by providing articles breakfast with restaurants to update and build new locations in the United States and around the world.The company plans of financial results for the second quarter before August 11 the opening of the market.

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