Wendy's Board Unanimously Rejects $1.4 Billion Takeover Offer

Wendy's Board Rejects $1.4 Billion Hostile Offer, Citing Undervaluation

CBS News • 05 Nov 14:11

Wendy's board unanimously declined a $1.4 billion takeover proposal, saying the price undervalues the chain and does not serve shareholders' interests.

Wendy's rejects $1.4 billion takeover bid from Trian-led investor group

CNBC • 05 Nov 12:13

Wendy's said the cash offer undervalues the company and does not reflect gains from its turnaround plan, and it activated a poison-pill defense.

Wendy's Faces Challenges Amid Management Changes and Market Competition

Fortune • 01 Nov 08:00

Wendy's has experienced six consecutive quarters of declining sales and is now a target for Trian Fund Management, led by Nelson Peltz, as it struggles to regain market share against competitors.

Investor Nelson Peltz proposes $1.4 billion buyout of Wendy’s

NBC News • 29 Oct 08:40

Nelson Peltz’s Trian Fund Management offered $7.35 per share in cash to take Wendy’s private, prompting a board-appointed committee to review the unsolicited proposal.

Trian Fund Management proposes $1.4 billion buyout of Wendy's

Fox Business • 28 Oct 14:35

Nelson Peltz's Trian Fund Management and a consortium offered to purchase Wendy's for about $1.4 billion, a 20% premium, aiming to take the fast-food chain private and fund a multi-year turnaround.

Trian Fund Management proposes $1.4 billion take-private deal for Wendy's

CNBC • 28 Oct 13:00

Investor group led by Trian Fund Management offered $7.35 per share in cash to acquire Wendy's, representing a 20% premium to the prior closing price.