(Reuters) - The operator of the No. 3 U.S. hamburger chain on Monday
slashed its 2007 earnings forecast and said it would explore a
possible sale of the company instead of other restructuring
options. For details, see [ID:nN18395318].
The cost to insure Wendy's debt with credit default swaps
rose to around 202 basis points, or $202,000 per year for five
years to insure $10 million in debt, from about 185 basis
points before the news.
Read more at Reuters.com Bonds News
slashed its 2007 earnings forecast and said it would explore a
possible sale of the company instead of other restructuring
options. For details, see [ID:nN18395318].
The cost to insure Wendy's debt with credit default swaps
rose to around 202 basis points, or $202,000 per year for five
years to insure $10 million in debt, from about 185 basis
points before the news.
Read more at Reuters.com Bonds News
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