Wendy's rejects $1.4 billion hostile takeover bid
Wendy's rebuffs unsolicited offer from Trian Partners, led by activist investor Nelson Peltz, and another group of investment firms.
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Wendy's rebuffs unsolicited offer from Trian Partners, led by activist investor Nelson Peltz, and another group of investment firms.
Wendy's plans to close hundreds U.S. restaurants over the next few months amid spending cutbacks from its customers.
Americans are reining in their spending at fast-food restaurants as they continue to face economic uncertainty.
The average cost of a fast-food meal in the U.S. is now $11.56 in major cities across the U.S., according to LendingTree.
