Businessscore 763·7 metrosupdated 2h ago

Wendy's Rejects $1.4B Buyout Offer, Implements Poison Pill Plan

Wendy's has turned down a $1.4 billion buyout bid from activist investor Nelson Peltz, citing the offer as undervaluing the company. The fast-food chain has adopted a 'poison pill' strategy to prevent a hostile takeover while focusing on a turnaround plan amid industry challenges.

Where it's breaking

Los AngelesDetroitHampton RoadsBaltimoreBostonPhiladelphiaMiami–Ft. Lauderdale

Local coverage

Sources cited

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