Wendy’s Rejects Takeover Bid From Peltz's Trian
· bloomberg.com · popularity 44/100 · 1 similar story today · Business Strategy & Management (Business & Finance)
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Summary
Wendy’s Co. board unanimously rejected an offer from a group led by Nelson Peltz’s Trian Fund Management to buy out the burger chain for about $1.4 billion, saying the proposal substantially undervalues the company’s prospects and long-term earnings potential. Craig Trudell has more on "Bloomberg Open Interest." (Source: Bloomberg)
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