UPDATE 1-Wendy's sells stake in Arby's owner for $450 million
August 16, 2018 at 11:05 AM EDT
Hamburger company Wendy's Co ended its decade-old ties with Arby's as it sold its 12.3 percent stake in the sandwich chain's parent for $450 million on Thursday, giving it a boost as it battles larger rivals McDonald's and Burger King.
