Wendy's rejects buyout bid from activist investor and adopts 'poison pill' plan — Live Feedhttps://www.live-feeds.com/feed/wendy-s-rejects-buyout-bid-from-activist-investor-and-adopts-poison-pill-planContinuously updated, source-cited coverage. Wendy's rejects Trian's $1.4 billion buyout bid, adopts poison pillhttps://www.live-feeds.com/feed/wendy-s-rejects-buyout-bid-from-activist-investor-and-adopts-poison-pill-planhttps://www.live-feeds.com/feed/wendy-s-rejects-buyout-bid-from-activist-investor-and-adopts-poison-pill-plan#u192168Tue, 10 Nov 2026 21:52:08 +0000Wendy's board on Thursday rejected a $1.4 billion takeover offer from activist investor Nelson Peltz's Trian Fund Management, stating the bid undervalues the company. The board simultaneously adopted a shareholder rights plan, commonly known as a poison pill, to deter a hostile takeover attempt. Trian, which already holds a significant stake in the burger chain, made the unsolicited proposal last week. Wendy's said it remains open to value-creating opportunities but will focus on its ongoing turnaround strategy, including menu upgrades like thicker bacon and whole-leaf lettuce.W