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DUBLIN, Ohio – November 28, 2006 – Wendy’s International, Inc. (NYSE:WEN) today announced the completion of its previously announced sale of Baja Fresh® Mexican Grill for approximately $31 million. Baja Fresh operates about 300 restaurants in the United States.
The purchaser of Baja Fresh is a West Coast restaurant operating company owned by a consortium of investment groups led by David Kim. Mr. Kim and his team own or operate several restaurant concepts, including Sweet Factory, Cinnabon and Denny’s.
Safe Harbor statement
Certain information in this news release, particularly information regarding future economic performance and finances, and plans, expectations and objectives of management, is forward looking. Factors set forth in our Safe Harbor under the Private Securities Litigation Reform Act of 1995, in addition to other possible factors not listed, could affect the Company's actual results and cause such results to differ materially from those expressed in forward-looking statements. Please review the Company’s Safe Harbor statement at http://www.wendys-invest.com/safeharbor.
Wendy’s International, Inc. overview
Wendy's International, Inc. is one of the world's most successful restaurant operating and franchising companies, with more than 6,300 Wendy's Old Fashioned Hamburgers restaurants in North America and more than 300 international Wendy’s restaurants. More information about the Company is available at www.wendys-invest.com.