Wendy's Rejects Nelson Peltz's $1.4 Billion Acquisition Proposal
WEN Wendy's Co
$8.18 -1.92%
View chart & analysis → - 1Wendy's rejected an acquisition proposal from an investor group led by Nelson Peltz of Trian Fund Management.
- 2The investor group offered a cash acquisition price of $7.35 per share on October 28.
- 3Wendy's announced that same-store sales have declined for seven consecutive quarters.
So what's the key point?
An investor group offered to buy Wendy's for $7.35 per share, but the company declined the offer. The proposal came as store sales have been steadily decreasing.
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