Wendy’sArby's Group, Inc. (NYSE:WEN) announced today that it has completed the sale of Arby's Restaurant Group to a buy formed by Roark Capital Group, effective yesterday, July 4, 2011.In connection with the transaction, the company said it is dropping the Arby's Group from its name, and will now be known as "The Wendy's Company," effective today.Roland Smith, President and Chief Executive Officer of The Wendy's Company, said, "The sale of Arby's provides substantial benefits to our stockholders and we are pleased to have worked with Roark Capital on its successful completion. We congratulate Roark on the Arby's acquisition and are we are pleased to retain an 18.5% common stock interest in the Arby's business. We believe in Arby's turnaround and look forward to being able to benefit from the brand's future successes."