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Tuesday, November 28, 2017

=Buffalo Wild Wings (BWLD) to be acquired by Roark Capital for $157/share

Arby's Restaurant Group
  • Founded: July 23, 1964, Youngstown, OH
  • Parent organizations: Roark Capital Group


Buffalo Wild Wings agrees to be acquired by Arby's Restaurant Group for $157/share in cash, or approx. $2.9 bln
  • The agreement, which has been unanimously approved by both companies' Boards of Directors, represents a premium of approximately 38% to BWW's 30-day volume-weighted average stock price as of November 13, 2017, the latest trading day prior to news reports speculating about a potential transaction.
  • The transaction is not subject to a financing condition and is expected to close during the first quarter of 2018, subject to the approval of BWW shareholders and the satisfaction of customary closing conditions, including applicable regulatory approvals.

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