Buffalo Wild Wings Is Being Acquired: What Investors Need to Know
It's official: Buffalo Wild Wings (NASDAQ: BWLD) has agreed to be acquired. And the final bid for the beer, wings, and sports restaurant chain was just a bit tastier than previous reports had indicated.
Buffalo Wild Wings announced on Tuesday that it has entered a merger agreement with Arby's Restaurant Group. Under that agreement, it will be acquired for $157 per share in cash, valuing the deal at roughly $2.9 billion including Buffalo Wild Wings' debt. Arby's is owned by private equity firm and reputable restaurant investor Roark Capital.
IMAGE SOURCE: BUFFALO WILD WINGS.
Source: Fool.com
