Wendy's repurchases $3.75 million shares

Wendy's International announced the buyback of $3.75 million shares of its common stock for $207 million in an accelerated share repurchase transaction. Officials said that key steps were under way to improve Wendy's brand performance. 

"This accelerated share repurchase is the latest example of the continued progress we are making with our strategic initiatives," said CEO Jack Schuessier.

The company now has about $900 million remaining under a stock repurchase authorization from its board of directors.