Wendy’s Rejects Takeover Bid From Peltz's Trian
Wendy’s Co. board unanimously rejected an offer from a group led by Nelson Peltz’s Trian Fund Management to buy out the burger chain for about $1.4 billion, saying the proposal...
By Bloomberg Markets · Bloomberg Markets
Wendy’s Co. board unanimously rejected an offer from a group led by Nelson Peltz’s Trian Fund Management to buy out the burger chain for about $1.4 billion, saying the proposal substantially undervalues the company’s prospects and long-term earnings potential. Craig Trudell has more on "Bloomberg Open Interest." (Source: Bloomberg)