The third-largest U.S. fast food chain, Wendy's/Arby's said it is making "substantial progress" on the sale of the Arby's brand in spite of shareholder Nelson Peltz. The company said it has narrowed
buyers to several bidders. Peltz was influential in the companies merging in 2008, but cutting them asunder would let company leadership expand Wendy's beyond its 6,500 stores.
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