Arby’s and their well documented meat obsession is set to enter a wild new frontier.
Forbes reports Roark Capital (the parent company of Arby’s) has purchased Buffalo Wild Wings in a $2.9 billion takeover deal. The agreement reached on Tuesday morning saw Arby’s acquire Buffalo Wild Wings for $157 per share in cash as well as the chain’s net debt. Forbes forecasts the agreement will become official in early 2018 once the process is completed.
“Buffalo Wild Wings is one of the most distinctive and successful entertainment and casual dining restaurant companies in America,” said Arby’s Restaurant Group CEO Paul Brown via statement. “We look forward to leveraging the combined strengths of both organizations into a truly differentiated and transformative multi-brand restaurant company.”
This sort of acquisition springs to mind visions of combining the best qualities of both chains, but there’s no public blueprint of exactly what Arby’s is going to do with their near $3 billion purchase. Right now, the plan is to continue operating Buffalo Wild Wings as its own independent brand.
Naturally, instant takes have come raining down following news of the merger. We’re talking chain restaurant hullabaloo, so who wouldn’t want to weigh in with a verdict?
Not one of Shark Tank's sharks would've allowed Buffalo Wild Wings to claim a $2.4 billion valuation.
— Sam Roberts (@notsam) November 28, 2017
Arby’s is buying Buffalo Wild Wings? Your Christmas dinner meal planning just got a whole lot easier, recently divorced dads.
— Tim Siedell (@badbanana) November 28, 2017
#BuffaloWildWings and #Arbys They have the Meats! pic.twitter.com/0yRV6HZwty
— Randy Siitam (@RandurSiitam) November 28, 2017
https://twitter.com/ChuckFBlue/status/935540343533076480
Arbys is set to buy Buffalo Wild Wings chain for 2.4 Billion dollars! Please don't get rid of the mango habanero sauce :/ @10News
— Kalyna Astrinos (@KalynaAstrinos) November 28, 2017
https://twitter.com/jakobzubiller/status/935650674745978881
https://twitter.com/frontdeskjeff/status/935539980612587522
Dear Arby's,
OK, now please make Buffalo Wild Wings wing sizes go back to numbers rather than abstract concepts of size.
Thanks,
Dan
— Dan Szymborski (@DSzymborski) November 28, 2017
When Arby's food shows up on Buffalo Wild Wings menu pic.twitter.com/YrVjs9pC5s
— Reese Waters (@reesewaters) November 28, 2017
Or if you’d like Nihilist Arby’s take…
Everything dies. No one wins. Chicken wings are for losers and Buffalo is hell on earth.
Pls enjoy arbys and our newly acquired affiliates
— Nihilist Arby's (@nihilist_arbys) November 28, 2017
(Via Forbes)