UPDATE 1-Wendy's to sell 500 outlets to franchisees to cut costs

Feb 3 (Reuters) - Wendy's Co, the No. 3 U.S. hamburger chain by sales, said it would sell about 500 restaurants to franchisees and reduce company ownership of its outlets to about 5 percent by...

from Reuters: Mergers News http://ift.tt/1zal755