Wendy's rejects $1.4 billion hostile takeover bid

Headline from CBS News · First reported Nov 5, 9:56 AM ET (10h ago) · Updated Nov 5, 11:53 AM ET · 2 sources, 2 articles

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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.

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

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.