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Arby's is buying Buffalo Wild Wings

November 28, 2017 1:16 PM
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Arby's is buying Buffalo Wild Wings

Arby's is buying Buffalo Wild Wings, the chain of sports bars, for $2.9 billion.

In an all-cash deal, Arby's is paying $157 per share for Buffalo Wild Wings (BWLD), a 7% premium based on Monday's closing price. Buffalo Wild Wings stock had been much lower before rumors about a deal with Arby's surfaced two weeks ago.

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