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Wendy’s rejects buyout bid from activist investor and adopts ‘poison pill’ plan

Wendy’s rejects buyout bid from activist investor and adopts ‘poison pill’ plan
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 it adopted a “poison pill” plan that would make it more difficult to engineer a hostile takeover of the company. Noted investor Nelson Peltz made an offer last week to buy the cha...

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