Wendy's Company Stock News

Wendy's rejected a $1.4 billion buyout from billionaire Nelson Peltz's Trian Fund Management, claiming that the offer “substantially undervalues” the company and adopting a “poison pill” plan to protect the company from a hostile takeover.

Wendy's (WEN) is back in the spotlight after rejecting a $1.4 billion take-private offer from a consortium led by activist investor Nelson Peltz's Trian Fund Management. The proposal offered shareholders $7.35 per share in cash, but Wendy's board concluded that the bid substantially undervalued the company and failed to reflect the benefits of its turnaround strategy.

Company backs its own turnaround bid instead of being taken private by Nelson Peltz's hedge fund.

Wendy's rejected an offer from Nelson Peltz's hedge fund Trian Fund Management to buy the fast-food chain for around $1.4 billion

Wendy's bets on a turnaround as declining sales and traffic weigh on its business.

Wendy's rejects takeover proposal from Nelson Peltz's Trian

Wendy's rejects Trian-led $1.4 billion buyout offer