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 company’s prospects and long-term earnings potential.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-11-05/wendy-s-rejects-takeover-bid-from-peltz-s-trian-video)