Wendy’s Rejects Trian-Led $1.4 Billion Buyout Offer, Adopts Poison Pill
Wendy’s rejected a $1.4 billion take-private offer from Trian Fund Management and its partners and adopted a poison pill plan.
By Juveria Tabassum and Koyena DasWendy's NASDAQ:WEN rejected a $1.4 billion take-private offer from activist investor Nelson Peltz's Trian Fund Management and its partners, and adopted a "poison pill" plan to resist pressure from one of its largest shareholders.Trian's offer came about three month…