Wendy’s rejects $7.35 bid and adopts 15% rights plan
Wendy’s rejected a nonbinding cash proposal from a Trian-led group and adopted a rights plan covering certain unapproved acquisitions at a 15% threshold, including specified derivative exposure.
Wendy’s rejected a nonbinding cash proposal from a Trian-led group and adopted a rights plan covering certain unapproved acquisitions at a 15% threshold, including specified derivative exposure.