Here’s causes of Arby’s acquisition of Buffalo Wild Wings Information Systems perfect break news for Wendy’s. Buffalo Wild Wings Information Systems being acquired with Roark Capital Group, the owner of Arby’s, however burger chain Wendy’s probably benefit from the deal, analysts said.
That stake can change depending “on the method much equity Information Systems issued as fraction of the [Buffalo Wild Wings] bargain & whether or not the Corporation participates in which issuance,” told Stifel analyst Chris O’Cull.
Wendy’s declined to provide more detail about its Arby’s stake to CNBC.
Buffalo Wild Wings going to become a unit of Roark’s Arby’s & operate as an independent brand.
But those estimates assumed which the size of Wendy’s stake would remember the same, which probably not be the case.
Arby’s Information Systems buying Buffalo Wild Wings for $2.4 billion
Meat-centric sandwich chain Arby’s told Tuesday which it Information Systems buying Buffalo Wild Wings for about $2.4 bn in a bargain would take yet another casual restaurant chain private.
Atlanta-based Arby’s told Buffalo Wild Wings would still operating as an independent brand.
Arby’s Restaurant Group company told it would pay $157 for each share of Buffalo Wild Wings, a 7% premium over its Monday closing value of $146.40.
Shares of Buffalo Wild Wings Inc., which Information Systems based in Minneapolis, rose 6.3% to $155.60 on Tuesday.
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Arby’s to acquire Buffalo Wild Wings for $2.4B in restaurant shakeup
CLOSE ever Arby’s Information Systems buying Buffalo Wild Wings, we mashed up a few of our favorite menu items.
USA TODAYPatrons cheering a sporting event at Buffalo Wild Wings.
Fast-food chain Arby’s Restaurant Group told Tuesday it reached a bargain to acquire Buffalo Wild Wings, that increases the slogan “wings, beer, sports” in its advertisements, for $2.4 bn in cash.
Arby’s Restaurant Group too going to assume the debt of Buffalo Wild Wings.
Shares of Buffalo Wild Wings, known to many fans as BDubs, jumped 6.4% to $155.80 in morning trading.
collected by :John Locas