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, and it adopted a "poison pill" plan that would make it more difficult to engineer a hostile takeover of the company.
TL;DR
- Wendy's rejected a $1.4 billion buyout offer.
- The company stated the bid was too low.
- Wendy's adopted a "poison pill" plan.
- The plan aims to prevent hostile takeovers.