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Source:
The Columbus Dispatch
Source: The Columbus Dispatch
7 HrsThe Columbus Dispatch
Source: The Columbus Dispatch
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Wendy’s rejected a $1.4 billion buyout offer from Nelson Peltz’s Trian Fund Management and its partners, saying the proposal undervalued the company. The group offered $7.35 per share in cash, and Trian-related parties hold a 16.3% stake in Wendy’s. The company adopted a temporary “poison pill” plan to deter investors from increasing their holdings and give its board time to consider proposals as it pursues a turnaround.
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