Wendy's Board Unanimously Rejects $1.4 Billion Takeover Offer

Wendy's rejects $1.4 billion hostile takeover bid, saying it undervalues the company

CBS News • 05 नवं 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 takeover proposal from Nelson Peltz’s Trian

CNBC • 05 नवं 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.

Why Wendy’s is losing the burger wars-and is now a takeover target for Nelson Peltz

Fortune • 01 नवं 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.

Wendy’s, struggling with beef prices and growing competition, gets a buyout offer

NBC News • 29 अक्टू 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.

Nelson Peltz-led group offers to buy Wendy’s for $1.4B

Fox Business • 28 अक्टू 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.

Nelson Peltz's Trian offers to buy Wendy's for $1.4 billion

CNBC • 28 अक्टू 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.