Wendy's rejects $1.4 billion takeover bid led by Trian
Wendy's turned down an unsolicited takeover offer, reported at $1.4 billion, from Nelson Peltz's Trian Partners and other investment firms.
Wendy's has rejected an unsolicited takeover proposal from Trian Partners, the firm led by activist investor Nelson Peltz, CNBC and CBS News report.
CBS News says another group of investment firms joined Trian in the offer. It puts the value of the bid at $1.4 billion and calls it a hostile takeover attempt.
The reports available give no details on the offer price per share, the reasons Wendy's gave for turning it down, or what Trian plans next.
Reported by
- CNBCWendy's rejects takeover proposal from Nelson Peltz’s TrianThu, Nov 5, 7:18 AM EST
- CBS NewsWendy's rejects $1.4 billion hostile takeover bidThu, Nov 5, 9:11 AM EST
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.