Wendy's Announces It Unanimously Rejected Unsolicited, Non-Binding Proposal From Trian Consortium; Adopts Limited-Duration Shareholder Rights Plan
The Wendy's Company (NASDAQ:WEN) ("Wendy's" or the "Company") today announced that the previously constituted committee of independent directors of the Company's Board of Directors (the
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Why It Matters
Wendy's board said no to a buyout offer from an outside group. The company put up a defense to protect itself from unwanted takeover attempts.
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