Wendy's Rejects Trian's $1.4 Billion Takeover Offer
Wendy's rejected an unsolicited $1.4 billion bid led by Nelson Peltz's Trian Fund Management and adopted policies to deter further hostile takeover attempts.
By Heather HaddonWendy's has rejected an unsolicited $1.4 billion bid led by Nelson Peltz's Trian Fund Management to buy the struggling burger chain, and adopted policies to protect the chain from further hostile takeover attempts.The Ohio-based restaurant chain said Thursday that its board had una…