Wendy’s Rejects Trian’s $1.4 Billion Buyout Offer
Wendy’s board rejected an offer from Nelson Peltz’s Trian Fund Management to buy the fast-food chain for around $1.4 billion. A board committee said the proposal substantially undervalues the company.
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Wendy's Rejects $1.4 Billion Buyout Offer from Nelson Peltz's Trian — 2nd Update
By Kelly CloonanWendy's board rejected an offer from Nelson Peltz's hedge fund Trian Fund Management to buy the fast-food chain for around $1.4 billion.The company said Thursday that a committee formed by its board to review the proposal found the offer substantially undervalues it and doesn't refl…