10:34 AM EDT, 08/15/2024 (MT Newswires) -- Flynn Group has bought 83 Wendy's (WEN) restaurants in New Jersey and Pennsylvania, bringing its Wendy's franchises to 277, Reuters reported Thursday, quoting Flynn Chief Executive Greg Flynn.

The deal closed on Wednesday, Reuters said, adding that terms of the transaction and the name of the seller weren't provided.

The report said that Flynn Group became a Wendy's franchisee in 2021 when it bought about 190 stores from a bankrupt operator.

Flynn Group and Wendy's didn't immediately respond to requests for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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