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

As reported by WPRI · Updated 5 Nov, 20:00 · Archive

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.

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• Wendy's rejects buyout bid and girds itself for a hostile takeover campaignWendy’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.WPRI · 5 Nov, 20:00