The company has announced the formation of a special committeeof independent directors to explore "all possible" strategicalternatives, including a sale, merger or changes to its capitalstructure.
"The board has a responsibility to consistently seek to improvethe value of this company for the shareholders and all itsconstituencies," said Kerrii Anderson, CEO and president. "We havedelivered a lot of value, and a number of shareholders and analystshave come up with suggestions and questions. This team will executeits strategies and continue to do it well."
Cost-cutting and improved comps have returned the chain toprofitability, even as Wendy's keeps tight control over its storeopenings. The company and its franchisees opened 11 new restaurantsduring the quarter, and closed 26.
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