Wendy's to Sell Part of Tim Hortons Chain - Yahoo! News
DUBLIN, Ohio - Wendy's International Inc. said on Friday that it plans to sell a portion of its Tim Hortons business, weeks after a major shareholder sent a letter urging a spinoff of the profitable doughnut and coffee chain. Its shares rose more than 12 percent.
The third-largest burger chain also said it plans to convert a portion of its company-owned burger restaurants into franchises and sell land it rents to franchisees.