Wendy's rejects $1.4bn Peltz takeover bid, adopts poison pill defence
Wendy's has rejected a takeover proposal valued at $1.4 billion from billionaire investor Nelson Peltz. The fast-food chain argued that the offer undervalues its long-term growth potential, prompting the adoption of a shareholder rights plan. This defensive strategy is designed to protect the company from unwanted acquisition attempts. Wendy's has been facing declining sales and rising…
We haven't written up this one. Times of India has the full story — the link below goes straight to it.
