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Wendy’s Turns Down $1.4 Billion Buyout and Adopts a ‘Poison Pill’ Defense to Block a Takeover The chain rejected activist investor Nelson Peltz’s offer, saying it “substantially undervalues” the company. Previous Article Global Brands Keep Making the Same Mistakes in Small Markets. Here’s How to Avoid Them. Next Article Sam Altman Took On a New Identity, ‘Ram Altman,’ to Survive Internet Trolls