Wendy's turned down Nelson Peltz's $1.4 billion offer. It's betting instead on thicker bacon and whole-leaf lettuce. — Live Feedhttps://www.live-feeds.com/feed/wendy-s-turned-down-nelson-peltz-s-1-4-billion-offer-it-s-betting-instead-on-thicker-bacon-and-whole-leaf-lettuceContinuously updated, source-cited coverage. Wendy's rejects Trian's $1.4B offer, adopts poison pillhttps://www.live-feeds.com/feed/wendy-s-turned-down-nelson-peltz-s-1-4-billion-offer-it-s-betting-instead-on-thicker-bacon-and-whole-leaf-lettucehttps://www.live-feeds.com/feed/wendy-s-turned-down-nelson-peltz-s-1-4-billion-offer-it-s-betting-instead-on-thicker-bacon-and-whole-leaf-lettuce#u192530Wed, 11 Nov 2026 00:28:29 +0000Wendy's board unanimously rejected a $1.4 billion buyout proposal from Nelson Peltz's Trian Fund Management, saying the offer undervalues the company. The fast-food chain simultaneously adopted a shareholder rights plan, commonly known as a poison pill, to defend against a potential hostile takeover. Wendy's signaled it will double down on its standalone strategy, emphasizing food-quality upgrades such as thicker-cut bacon and whole-leaf lettuce rather than pursuing a sale. Trian, which owns roughly 7% of Wendy's, may now escalate pressure through a proxy fight or public ca