Wendy’s rejects buyout bid and girds itself for a hostile takeover campaign
FILE – A sign stands over a Wendy's restaurant, Feb. 25, 2021, in Des Moines, Iowa. (AP Photo/Charlie Neibergall, File) (AP Photo/Charlie Neibergall, File) Wendy’s rejected a $1.4 billion buyout offer from an activist investor, saying Thursday that the bid was too low and didn’t take into account the company’s long-term earnings potential under its new CEO. The Dublin, Ohio-based burger chain…
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