USCBS NewsTHU 05 NOV 2026 / 8:56 AM CST

Wendy's rejects $1.4 billion hostile takeover bid

Wendy's board of directors on Thursday unanimously rejected a $1.4 billion hostile takeover bid from a group of investment firms, saying the offer undervalues the restaurant chain and is not in the best interest of shareholders.

"The Independent Committee thoroughly evaluated this Proposal and unanimously concluded that it substantially undervalues Wendy's standalone prospects and long-term earnings potential," Art Winkleblack, chairman of the board, said in a statement, while also expressing confidence in CEO Bob Wright.

Read the original report

Opens CBS News in a new tab

USCBS News25m

Hoax bomb threats affect at least 20 European flights within hours

British authorities dismissed threats to about seven flights earlier this week as hoaxes, but the number of impacted journeys soared to at least 27 on Thursday, meaning significant disruption for thousands of passengers and raising concerns about a possible coordinated effort to impact travel on the continent. So far, it remains unclear who, if anyone, is behind any such coordinated action, and no authorities have confirmed a link between any of the threats.

USABC News33m

Met Gala announces new 2027 theme after John Galliano controversy

The 2027 gala will now focus on the "extraORDINARY," according to Vogue.

USCBS News37m

U.S. ID's remains of WWII soldier from iconic "Merrill's Marauders"

The U.S. military said it has identified the remains of a soldier who fought with the iconic "Merrill's Marauders" unit during World War II.

USCBS News1h

Democrats prepare to take Congress as GOP grapples with stunning losses

After Democrats' sweeping House and Senate victories, the party is laying out how it plans to wield power, while President Trump and Republicans react to their midterm losses.

Back to the brief

Wendy's rejects $1.4 billion hostile takeover bid

More on this deskAll US

Hoax bomb threats affect at least 20 European flights within hours

Met Gala announces new 2027 theme after John Galliano controversy

U.S. ID's remains of WWII soldier from iconic "Merrill's Marauders"

Democrats prepare to take Congress as GOP grapples with stunning losses