Wendy's rejects $1.4 billion takeover bid from Nelson Peltz's Trian
Summary of 4 reports
Wendy's rejected a $1.4 billion buyout proposal from activist investor Nelson Peltz's Trian Partners, saying the bid undervalues the company. In response, Wendy's adopted a shareholder rights plan, commonly known as a 'poison pill,' as a defensive measure against the unsolicited takeover attempt.
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Wendy's rejects takeover proposal from Nelson Peltz’s Trian (opens CNBC in a new tab)
Wendy's rejects buyout bid from activist investor and adopts 'poison pill' plan (opens ABC News in a new tab)
Wendy’s rejected a $1.4 billion buyout offer from an activist investor, saying Thursday that the bid was too low
Wendy's rejects $1.4 billion hostile takeover bid (opens CBS News in a new tab)
Wendy's rebuffs unsolicited offer from Trian Partners, led by activist investor Nelson Peltz, and another group of investment firms.
Wendy's rejects $1.4bn Peltz takeover bid, adopts poison pill defence (opens Times of India in a new tab)
Wendy's has rejected a takeover proposal valued at $1.4 billion from billionaire investor Nelson Peltz. The fast-food chain argued that the offer undervalues its long-term growth potential, prompting the adoption of a shareholder rights plan. This defensive…
