Wendy's rejects $1.4 billion hostile takeover bid

Headline from CBS News · First reported Nov 5, 9:26 AM ET (4h ago) · Updated Nov 5, 11:53 AM ET · 4 sources, 4 articles

Wendy's

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What's being reported

Wendy's rebuffs unsolicited offer from Trian Partners, led by activist investor Nelson Peltz, and another group of investment firms.

Summary from CBS News. Read every outlet's version below.

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Right · CBS NewsWendy's rejects $1.4 billion hostile takeover bid

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CNBCLeast BiasedHigh·Nov 5, 10:08 AM ET

Wendy's rejects $1.4 billion takeover proposal from Nelson Peltz’s Trian

Wendy's said the $1.4 billion takeover proposal does not reflect potential gains from the burger chain's turnaround strategy.

Right2

CBS NewsRight-CenterMostly Factual·Nov 5, 9:56 AM ET

Wendy's rejects $1.4 billion hostile takeover bid

Wendy's rebuffs unsolicited offer from Trian Partners, led by activist investor Nelson Peltz, and another group of investment firms.

Washington TimesRight-CenterMixed·Nov 5, 9:26 AM ET

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

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.

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UPINot rated·Nov 5, 11:53 AM ET

Wendy's rejects purchase offer from investor group

Wendy's announced Thursday that it rejected a $1.4 billion bid for purchase from a group of investors. The board said it has confidence in the CEO.

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