ATLANTA ( TheStreet) -- Wendy's/Arby's Group ( WEN) reached a deal to sell Arby's Restaurant Group for $430 million to a buyer formed by Roark Capital Group. In a statement Monday, Wendy's/Arby's said it would retain an 18.5% ownership interest in the Arby's business. Wendy's/Arby's previously had said it was exploring alternatives for Arby's. The deal is expected to close in the third quarter. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.