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Wendy’s Rejects Takeover Bid From Peltz's Trian
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AI[Finance] Wendy’s Co. board unanimously rejected an offer from a group led by Nelson Peltz’s Trian Fund Management to buy out the burger chain for about $1.4 billion, saying the proposal substantially undervalues the … [Finance] Wendy's said the $1.4 billion takeover proposal does not reflect potential gains from the burger chain's turnaround strategy.
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