MIAMI, FL - NOVEMBER 28: An Arby's restaurant sign is seen on November 28, 2017 in Miami, Florida. Today, Arby's Restaurant Group announced it reached a deal to acquire Buffalo Wild Wings for $2.4 billion in cash. (Photo by Joe Raedle/Getty Images)
Arby’s Restaurant Group said it will pay $157 per share for Buffalo Wild Wings, a transaction valued at approximately $2.9 billion - including Buffalo Wild Wings’ debt. The transaction is expected to close during the first quarter of 2018.
“Buffalo Wild Wings is one of the most distinctive and successful entertainment and casual dining restaurant companies in America,” Paul Brown, CEO of Arby’s Restaurant Group, Inc,said. “We are excited to welcome a brand with such a rich heritage, led by an exceptionally talented team. We look forward to leveraging the combined strengths of both organizations into a truly differentiated and transformative multi-brand restaurant company.”