American billionaire Nelson Peltz faces Wendy's rejection as $1.4 billion takeover bid hits wall
Nelson Peltz's $1.4 billion bid to take Wendy's private has hit a wall after the burger chain rejected his offer and adopted a poison pill.
Nelson Peltz
American billionaire investor Nelson Peltz offers $1.4 billion to buy Wendy's
Nelson Peltz's Trian, which owns 16.3% of Wendy's, has offered $7.35 a share in cash to take the struggling burger chain private.