Buffalo Wild Wings’ Stock Skyrockets
CBJ — Shares in Buffalo Wild Wings rocketed up more than 25% after the company received a $2.3-billion takeover bid from private-equity firm Roark Capital Group.
Roark’s offer of more than $150 per share was a premium of at least 28% to the fast-food chain’s close a day earlier.
The sizable takeover bid follows several other deals involving private equity firms buying restaurant chains.
Roark has other stakes in restaurants chains including Arby’s and CKE Restaurants.