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Wendy's rejects $1.4B takeover bid — ‘substantially undervalues' company, adopts ‘poison pill' plan
Source: nypost.com
M&A & RestructuringManagement & GovernanceCompany Fundamentals
Wendy’s rejected a $1.4 billion buyout offer from Nelson Peltz’s Trian Fund Management, saying it substantially undervalued the company. The company adopted a poison-pill plan to guard against a hostile takeover.
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