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Wendy’s rejects buyout bid and girds itself for a hostile takeover campaign

Wendy’s rejects buyout bid and girds itself for a hostile takeover campaign
Photo: KSTP 5 Eyewitness News (ABC) · view original

Wendy’s rejected a $1.4 billion buyout offer from an activist investor, saying Thursday that the bid was too low and didn’t take into account the company’s long-term earnings potential under its new CEO. The Dublin, Ohio-based burger chain also said Thursday that its board had adopted a “poison p...

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