The Aporia
writer, D. A. D. A. b. (2026, November 5). Wendy's rejects buyout bid from activist investor and adopts 'poison pill' plan. ABC News (US). https://abcnews.com/Business/wireStory/wendys-rejects-buyout-bid-activist-investor-adopts-poison-137876779
writer, DEE-ANN DURBIN AP business. “Wendy's rejects buyout bid from activist investor and adopts 'poison pill' plan.” ABC News (US), 5 Nov. 2026, https://abcnews.com/Business/wireStory/wendys-rejects-buyout-bid-activist-investor-adopts-poison-137876779.
writer, DEE-ANN DURBIN AP business. “Wendy's rejects buyout bid from activist investor and adopts 'poison pill' plan.” ABC News (US), November 5, 2026. https://abcnews.com/Business/wireStory/wendys-rejects-buyout-bid-activist-investor-adopts-poison-137876779.
Dated from the outlet's own feed. Check the original for its byline.
Wendy’s rejected a $1.4 billion buyout offer from activist investor Nelson Peltz, saying it undervalues the company and is not in the best interest of shareholders. The fast-food chain also adopted a "poison pill" plan to prevent future hostile takeovers. Peltz's Trian Fund Management had offered $7.35 per share for Wendy’s, which owns 16% of the company already, but Wendy’s independent board concluded that this bid substantially undervalues the firm and its long-term potential. The company stock price rose more than 2% on Thursday following a better-than-expected earnings report despite earlier concerns about high beef prices and competition pressures.