2026-11-05 · ABC News (US)
🔮 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
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.
Shares of the struggling burger chain spiked 14% last Wednesday after noted investor Nelson Peltz made an offer to buy it. assertive