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Poison Pill Plan

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Wendy's Rejects $1.4 Billion Buyout Bid, Adopts 'Poison Pill' Plan
National Finance
[SID-CMW3N]
REL 70%
DEV
Active PriorityDeveloping

Wendy's Rejects $1.4 Billion Buyout Bid, Adopts 'Poison Pill' Plan

worth trackingUpdated 3h ago

Key takeaway: Wendy's board of directors unanimously rejected the $1.4 billion takeover bid from Nelson Peltz's Trian Fund Management, citing that the bid substantially undervalues the company.

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