Arby's Buying Buffalo Wild Wings in Deal Valued at $2.4 Billion - NBC10 Boston

Arby's Buying Buffalo Wild Wings in Deal Valued at $2.4 Billion

If the deal closes, Buffalo Wild Wing will continue to operate as an independent brand

Find NBC Boston in your area

Channel 10 on most providers

Channel 15, 60 and 8 Over the Air

    Winter Olympics PyeongChang 2018 Medal Count
    Country
    Total
    1
    Norway
    13141138
    2
    Canada
    1181029
    3
    Germany
    138728
    processing...

    NEWSLETTERS

    5 to Watch: Diggins, Men's Hockey, Women's Curling, Bobsled
    Smith Collection/Gado/Getty Images, File
    This July 12, 2017, file photo shows a brick structure with the logo for the Buffalo Wild Wings restaurant chain in downtown San Ramon, California.

    Arby's is buying casual dining chain Buffalo Wild Wings in a deal worth about $2.4 billion.

    Arby's Restaurant Group Inc. said Tuesday that it will pay $157 per share. That's a 7 percent premium to Buffalo Wild Wings Inc.'s Monday closing price of $146.40.

    The companies put the transaction's value at $2.9 billion, including debt. Once the deal closes Buffalo Wild Wing will become a privately held subsidiary of Arby's and will continue to operate as an independent brand.

    The deal is expected to close in 2018's first quarter. It still needs the approval of Buffalo Wild Wings shareholders.

    Pigeon Beauty Contest Held in Iraq

    [NATL] Pigeon Beauty Contest Held in Iraq

    More than 300 trumpeter pigeons competed in an Iraqi beauty contest. It’s the first of its kind in the country, according to pageant organizers.

    (Published Thursday, Feb. 22, 2018)

    Shares of Buffalo Wild Wings jumped more than 6 percent in premarket trading.