Inspire Brands will oversee Arby’s, Buffalo Wild Wings and a small chain with about 30 locations called R Taco. Arby’s, known for its meaty sandwiches, has more than 3,400 restaurants in seven countries; Buffalo Wild Wings has more than 1,200 locations in 10 countries.
Arby’s and Buffalo Wild Wings, combined in one entity, aim to keep acquiring fast-food and casual-dining chains https://t.co/X6eyfPn3hX— The Wall Street Journal (@WSJ) February 5, 2018
Restaurant chain Arby’s will acquire Buffalo Wild Wings for more than $2 billion.
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.”