# Blackwells Rejects Trian's Wendy's Offer

> Blackwells says Trian's $7.35 per share Wendy's bid is too low and lacks fair protections.
- Title: Blackwells Rejects Trian's Wendy's Offer · Financialpost
- Summary: Blackwells says Trian's $7.35 per share Wendy's bid is too low and lacks fair protections. Blackwells will fight Trian's proposal to buy Wendy's for $7.35…
- Keywords: blackwells, trian fund management, wendy's, nasion, wens, shareholder, acquisition, proposal, money, business, Rejects, Trian's
- Source: Financialpost — https://financialpost.com/globe-newswire/blackwells-issues-statement-on-trians-7-35-per-share-proposal-to-acquire-the-wendys-company
- Read time: 1 min
- Topics: blackwells, trian fund management, wendy's, nasion, wens, shareholder, acquisition, proposal, money, business
## Blackwells Statement
Blackwells Capital LLC issued a statement rejecting Trian's $7.35 per share acquisition proposal for Wendy's.

> Proposal Dramatically Undervalues Wendy’s and Lacks the Basic Protections of a Fair Insider Transaction; Blackwells Will Pursue Every Lawful Avenue to Ensure It Does Not Succeed as Proposed
## Trian's Proposal Details
Trian Fund Management, Nelson Peltz, Peter May and Matthew Peltz proposed to acquire Wendy's for $7.35 per share in cash.
## Wendy's Condition
Wendy's has faced capital shortages, strategic issues and declining sales under Trian's leadership.
## Trian's History with Wendy's
Nelson Peltz has been Wendy's director since 1993 and chairman for seventeen years.
## Wendy's Share Price Drop
Wendy's shares fell from $20 per share two years ago to $7.35 per share in the proposal.
## Trian's Shareholding
Trian proposes to keep its 16.3% stake rather than sell on the terms offered to others.
## Blackwells' Stance
Blackwells will pursue every lawful avenue to ensure Trian's proposal does not succeed.
## Key takeaway

Blackwells will fight Trian's proposal to buy Wendy's for $7.35 per share as undervalued and unfair.