Arby's bought Buffalo Wild Wings in a transaction that's valued at $2.9 billion. Goldman Sachs Group Inc. provided financial advice to Buffalo Wild Wings, while Minneapolis-based Faegre Baker Daniels LLP was its legal counsel.
Roark-owned Arby's Restaurant Group Inc. will operate the approximately 1,200 Buffalo Wild Wings locations as an independent subsidiary. There are now more than 1,250 Buffalo Wild Wings locations in 10 countries.
The deal still needs the approval of Buffalo Wild Wings shareholders, but is expected to close during the first few months of next year.
Arby's is majority owned by affiliates of Roark Capital Group, an Atlanta based private equity firm that focuses on investing in franchised and multi-unit businesses in the restaurant, retail, and other consumer sectors.
"We are excited to welcome a brand with such a rich heritage, led by an exceptionally talented team", Brown told Business Insider.
The agreement has been unanimously approved by both companies' boards of directors. The rebound at Arby's has come as diners turn away from so-called casual dining chains like Buffalo Wild Wings, where customers typically sit down and are served by waiters.
Buffalo Wild Wings' stock climbed 6.5% in premarket trading. "We are confident that the strength of our two industry-leading brands, under the sponsorship of Roark Capital-an experienced restaurant and food service investor-will enable us to capitalize on significant growth opportunities in the years ahead". Overall sales rose by 0.5 percent to $473 million while revenue also increased 0.5 percent to $496.7 million.
"The last three years there have been a disaster - there's a lot of low-hanging fruit", he said.
Brazilian footballer Robinho has reportedly been sentenced to nine years in prison after being found guilty of sexual assault. The Brazilian star had previously been accused of sexual assault while at City in 2009, but was later cleared of the charges.
Drew Brees threw a touchdown, the Saints forced a three-and-out, then Brees threw another touchdown to Alvin Kamara . On offense, the Saints, coming off a 298-yard rushing game last week, was held to 160 rushing yards this time .
Highway 395.PRECAUTIONARY/PREPAREDNESS ACTIONS.Avoid travel if possible, you could be stuck in your vehicle for many hours. According NWS Birmingham, Birmingham has just under a 23 percent chance of seeing two inches of snow each year.
They advised that my mother was born in the former colony of Singapore before independence. "I am therefore a British citizen ". Mr Xenophon resigned from the Senate earlier this year after concerns he could be a dual citizen but was later cleared.
Unemployment fell for the sixth straight month in Louisiana, but payrolls moved in the wrong direction in October. She says apprenticeships have helped millions of people develop skills needed for good jobs.
Her previous opening week high came courtesy 2014's "1989", which sold 1.287 million United States copies in its first week. This mega-success comes as a bit of a shock after Swift's first singles from Reputation were panned by critics .
Ronna Romney McDaniel said all Republicans owe it to the American people to get tax reform passed during an interview on Sunday. He said, "We're going to let the Senate process go forward, encourage the Senate to deliver a good pro-growth product".
A video where we see two women reined in by the forces of law and order has been circulated on the social networks. Management said the mall closed at about 11:30 p.m. because of a recommendation from police.
TMZ had reported that David was admitted to a Florida medical center three days ago and was suffering liver and kidney failure. Phil" earlier this year, opened up about the diagnosis, saying his mother and grandfather also both suffered from dementia.
The official added that the country "clearly fit the criteria for a state sponsor of terror in a previous administration". Trump said Monday that the designation will impose further penalties on the country.
O'Neill told The Associated Press that the post grew out of frustration over Democrats' calls to remove Al Franken from the U.S. As a judge, O'Neill is barred by the Ohio Code of Judicial Conduct from running from political office.
Telecom regulator backs net neutrality
Experts suggest that the CDN exemption could strengthen the position of integrated operators which also provide content. The new regulations go a step further and recommend prohibiting any service provider from throttling data speeds.
New College Football Playoff odds released
They will need TCU to win the Big 12, or Ohio Sate to win the Big 10 in order to jump back into playoff discussion. Its detractors would use its two losses against it and throw Alabama into the mix as a more deserving team.
Original Pixel phones getting update to new features
The Pixel team's Product Manager has just announced an update was released recently for the phones that will improve battery life. The new feature is targeted at Pixel users for now but we can expect it to trickle down to more Android devices in the future.
Arsenal aim to end six-game winless Premier League run vs
They enter Saturday in danger of doing that for the first time this year, having also lost at Old Trafford on October 28. I think Tottenham is a good side but we have the quality to win this game and that is what we want to show ".
Steve Bannon will continue to support Roy Moore
Hannity played footage of Moore saying the accusation was "absolutely false" and that he didn't even know the woman. Alabama Republican Party officials convened by phone late Wednesday to discuss the path forward for Moore.