Wendy's rejects $1.4 billion takeover bid from Nelson Peltz's Trian
Burger chain adopts poison pill to stave off hostile takeover; says offer 'substantially undervalues' company
Wendy's has rejected a $1.4 billion takeover offer from a group of investors led by Nelson Peltz's Trian Fund Management, calling the bid inadequate and adopting a shareholder rights plan to stave off a hostile takeover.